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BPR 138: Subscription For Shares At Nominal Values Coupled To A Repurchase Agreement At Same Value

Wednesday, 20 March 2013   (0 Comments)
Posted by: Author: SARS Legal & Policy
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Source: SARS Legal & Policy

SARS recently issued Binding Private Ruling (BPR) 138.

BPR 138 deals with the income tax consequences relating to a subscription for shares at nominal values and the repurchasing of those shares in the future for the same nominal values.

This binding private ruling is valid for a period of 10 years from 20 December 2012.

Please click here to download BPR 138.



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.

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