Author: admin_kmos
BGR72 (VAT) – Particulars to be Contained in a Credit Note for a Valid Deduction under Section 16(3)(a)(v) for Prepaid Vouchers (Sections 21, 16)(2) and (3))
BGR71 (ITA) – (Section 18A Receipt: Donation of Property in Kind (Section 18A(2))
BGR70 (ITA) – Issue of a Single Section 18A Receipt to a Donor Taxpayer for Multiple Bona Fide Donations (Section 18A(1) and (2)(a))
SARS Tax Guide 2024 (SGD0008)
2023 Explanatory Memorandum (OTL008)
BCR88 (ITA) – En commandite partners investing in solar assets (Sections 12B(1)(h), 24H, 20(1)(b), 20(2A)(a) of the VAT Act)
2023 Income Tax Legislation (OTL6)
“Beneficial owner” definition of section 1 of TAA
“beneficial owner”-
(a) of a company, has the meaning assigned to it by section 1 of the Companies Act, 2008 (Act 71 of 2008);
(b) of a partnership, means a natural person who, directly or indirectly, ultimately owns, or exercises effective control of, the partnership, and includes—
(i) every partner, including every member of a partnership en commandite, an anonymous partnership or any similar partnership;
(ii) if a partner in the partnership is a legal person or a natural person acting on behalf of a partnership or in pursuance of the provisions of a trust agreement, the beneficial owner of that legal person, partnership or trust; and
(iii) the natural person who exercises executive control over the partnership; and
(c) of a trust, has the meaning assigned to it by section 1 of the Trust Property Control Act, 1988 (Act 57 of 1988).
[Definition of “beneficial owner” inserted by section 25 of Act 18 of 2023]
“Creditor” definition of section 23M of ITA
“creditor” means a person to whom a “debtor” owes a “debt”;
[Definition of “creditor” added by section 26(1)(e) of Act 17 of 2023 with effect from 1 January, 2024 and applicable in respect of years of assessment commencing on or after that date]