This ruling determines the estate duty implications for non-resident individual investors who invest in a linked investment plan in Country X with exposure to, amongst others, underlying South African assets.Please click here to read Binding Private Ruling 217.
Section 240A of the Tax Administration Act, 2011 (as amended) requires that all tax practitioners register with a recognized controlling body before 1 July 2013. It is a criminal offense to not register with both a recognized controlling body and SARS.
MINIMUM REQUIREMENTS TO REGISTER
The Act requires that a minimum academic and practical requirments be set to register with a controlling body. Click here for the minimum requirements of SAIT.