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Tax Directive on calculation of value of liabilities according to s29A of the Income Tax Act

Monday, 09 January 2012   (0 Comments)
Posted by: SAIT Technical
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In terms of section 29A of the Income Tax Act, the value of liabilities in the policyholder funds must be calculated on a basis as determined by the Chief Actuary of the Financial Services Board, in consultation with the Commissioner of SARS.  This directive sets out the basis for the calculation.

To access the directive, click here



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