Draft Interpretation Notes

The documents published on this site are not final and therefore do not present the official view or policy of SARS until
they are published as Interpretation Notes.

These draft documents are made available to the public in order to invite comments by all interested parties (internal and
external stakeholders) on aspects such as the correctness of the law, clarity on the specific area of legislation
explained in the draft note, areas on which further clarity are required, etc.

Comments may be submitted per email to policycomments@sars.gov.za and will be considered in full, but due to
time constraints, no individual correspondence will be entered into.

Subject	Applicable Legislation	Due date
Trading Stock - inclusion in income when applied, distributed or disposed of other than in the ordinary course of trade	Income Tax Act, 1962 Section 22(8)	31 July 2010
Discounts, rebates and incentives	Value-Added Tax Act, 1991 Sections 1, 20 and 21	7 May 2010
Tax implications of the receipt or accrual of government grants and government scrapping payments	Income Tax Act, 1962 Sections 1, 10 and 23(n)	26 April 2010
Remission of interest	Value-Added Tax Act, 1991 Section 39(7)(a)	29 March 2010
Rules of translation of amounts measured in foreign currencies	Income Tax Act, 1962 Section 25D	8 March 2010
Broad-based employee share plan	Income Tax Act, 1962  Sections 8B and 10(1)(nC)	15 May 2009
Exemption from income tax:  Foreign employment income (Draft Interpretation Note No. 16: Issue 2)	Income Tax Act, 2008   Section 10(1)(o)(iii)	30 April 2008

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