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Binding Private Ruling 117: Obligation to withhold employees' tax on share option scheme

23 April 2012   (0 Comments)
Posted by: SAIT Technical
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Binding Private Ruling 117 was recently issued by SARS. This ruling deals with the question as to whether a person, other than theperson who pays the employee’s remuneration, is obliged to deduct or withhold employee’s tax under the provisions of paragraph 11A of the Fourth Schedule to the Act in respect of "equity instruments” as defined in section 8C of the Act.

Click here to access the ruling.


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.


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.

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