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News & Press: Corporate Tax

Exemption of grants received by virtue of the DTI Clothing and Textile Competitiveness Program

17 July 2012   (0 Comments)
Posted by: SAIT Technical
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By SARS Legal & Policy

National Treasury announced the exemption of grants received by or accrued to a person by virtue of the clothing and textile competitiveness program administered by the dti, to be exempt from normal tax with effect from 1 April 2009 under section10(1)(y).

Click here to download the Government Notice.


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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