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News & Press: Corporate Tax

BPR 190 - Notional Funding Arrangement: The issue and potential repurchase of ordinary shares

Tuesday, 10 March 2015   (0 Comments)
Posted by: Author: SARS
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Author: SARS

SARS published binding private ruling 190 on the 9th of March 2015.

This ruling, which deals with the issue and repurchase of ordinary shares, is issued and published in accordance with sections 78(1) and 87(2) of the Tax Administration Act No. 28 of 2011.

Please click here to access the BPR 190.



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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