Binding Private Ruling 424 on Section 24J
Binding Private Ruling 424 examines whether interest on a loan used to redeem preference shares and settle related dividends is deductible under section 24J of the Income Tax Act.
VAT Ruling 014 – Input Tax Apportionment
VAT Ruling VR 014 (9 January 2026) approves the page-space and varied turnover-based apportionment methods under sections 17(1) and 41B of the VAT Act.
Interpretation Note 64 – BC and HOA exemption
SARS Interpretation Note 64 (Issue 5) clarifies the income tax exemptions under section 10(1)(e) of the South African Income Tax Act for bodies corporate, share block companies, and qualifying associations of persons, including rules on exempt levy income, basic exemptions on other receipts, and application requirements for associations.
Draft Interpretation Note – Section 7C – loans to trusts
Draft SARS Interpretation Note (2025-42) outlining how section 7C of the South African Income Tax Act applies to loans, advances, or credit provided by a connected natural person to a trust, including definitions, application rules, and anti-avoidance measures to prevent tax-free wealth transfers via low or interest-free loans.
Interpretation Note 91 (IN 91)
Debts are often written off or restructured in some way. These typically tend to have tax consequences. This session discusses what those tax consequences are.
Ntayiya v South African Revenue Service (848/2023) [2025] ZASCA 183 (1 December 2025)
This session explores an SCA judgment regarding the imposition of understatement penalties for submission of nil returns as well as the strength of the “professional tax advice defence”.
Interpretation Note 142
SARS’ interpretation note 142 purports to be a note explaining what constitutes “similar finance charges” for the purposes of section 24J when really, it appears rather to be aimed mainly at contradicting a tax court judgment handed down a year earlier in favour of a taxpayer. In essence, the question is whether raising fees are deductible. The court says it is, SARS says its not. Who is right?