Print Page
News & Press: SARS News & Tax Administration

BPR 207: Merger of two controlled foreign companies (CFCs)

Monday, 12 October 2015   (0 Comments)
Posted by: Author: SARS
Share |

Author: SARS

This ruling determines certain income tax consequences resulting from the merger of two CFCs which are wholly-owned by a resident company. 

Please click here to view ruling (7 October 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.

  • Tax Practitioner Registration Requirements & FAQ's
  • Rate Our Service

    Membership Management Software Powered by YourMembership  ::  Legal