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BPR 194: Disposal of shares through a share buy-back and a donation

Monday, 15 June 2015   (0 Comments)
Posted by: Author: SARS
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Author: SARS

This ruling deals with the disposal of shares through a share buy-back by a resident company from a non-resident person, and a donation of shares by the same non-resident person to another resident company, both for no consideration.

Please click here to access the ruling (15 June 2015).



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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