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BPR 149 - Disposal of an Asset That Constitutes an Equity Share In a Foreign Company

Friday, 26 July 2013   (0 Comments)
Posted by: Author: SARS Legal and Policy
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Author: SARS Legal and Policy

On the 24th of July 2013 SARS released Binding Private Ruling 149 which deals with "Disposal of an asset that constitutes an equity share in a foreign company". This ruling deals with the tax consequences arising from a disposal of an equity share held in a foreign company to another foreign company in exchange for an equity share in that other foreign company.

To view the BPR please click here:



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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