Taxand South Africa discusses recent binding private rulings, binding class rulings and binding general rulings.
The South African Revenue Service (SARS) has recently released, inter alia, the following binding private rulings (BPRs), binding class rulings (BCRs) and binding general rulings (BGRs):
BGR 9: Taxes on income and substantially similar taxes for purposes of South Africa’s tax treaties
BGR 40: Remuneration paid to non-executive directors
BGR 41: VAT treatment of non-executive directors
Discover more: Recent binding rulings
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Taxpayers in South Africa should take note of this update to ensure they remain compliant.