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BPR 150 - Tax Treatment Relating to a Credit Linked Deposit

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 SARS released Binding Private Ruling 150 which deals with the Tax Treatment relating to a Credit Linked Deposit. This ruling deals with the income tax consequences arising from a credit linked deposit agreement entered into with a Bank in order to raise funding.

 To view the full 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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