SARS has issued an updated version of Interpretation Note 43 (Issue 4): Circumstances in which certain amounts received or accrued from the disposal of shares are deemed to be of a capital nature contents.
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.