Administration of Estates Act, 1965
R 385
Tax Administration Act, 2011 (Act No. 28 of 2011)Chapter 7 : Advance Rulings89. Binding general rulings |
| (1) | A senior SARS official may issue a "binding general ruling" that is effective for either— |
| (a) | a particular tax period or other definite period; or |
| (b) | an indefinite period. |
| (2) | A "binding general ruling" must state— |
| (a) | that it is a "binding general ruling" made under this section; |
| (b) | the provisions of a tax Act which are the subject of the "binding general ruling"; and |
| (c) | either— |
| (i) | the tax period or other definite period for which it applies; or |
| (ii) | in the case of a "binding general ruling" for an indefinite period, that it is for an indefinite period and the date or tax period from which it applies. |
| (3) | A "binding general ruling" may be issued as an interpretation note or in another form and may be issued in the manner that the Commissioner prescribes. |
| (4) | A publication or other written statement does not constitute and may not be considered or treated as a "binding general ruling" unless it contains the information prescribed by subsection (2). |
