FAQ: What relevant material is required to request for a tax directive?
For Emigration withdrawal the Retirement Annuity Fund administrator must complete a manual Form C and the following documents must be attached to the Form C and submitted to a SARS Branch Office for consideration: A copy of the IT21(a) ‘Application Form for Tax Clearance Certificate’ in respect of emigrating from SA together with the signed […]
FAQ: Who should request a tax directive?
Form A&D, Form B, Form C and Form E can only be completed by the fund administrator or insurer. IRP3(a) must be completed by the employer.
FAQ: What is the taxable amount on which Securities Transfer Tax is payable?
Purchase of listed securities through or from a member: The consideration for which the security is purchased. Transfer of listed securities by a participant or in any other manner: The amount of the consideration for the security declared by the person who acquired that security; or The closing price of the security where no consideration […]
FAQ: What is the rate of Securities Transfer Tax?
The tax rate is 0, 25%, to be applied to the taxable amount in respect of any transfer of a security.
FAQ: I am in my final year of CTA, can I apply for the programme?
Yes, graduates in their final year (Honours/CTA) qualify to apply. However, acceptance is dependent on the successful completion of their CTA.
FAQ: What was the implementation date of Securities Transfer Tax?
The Securities Transfer Tax Act, No. 25 of 2007, together with the Securities Transfer Tax Administration Act, No. 26 of 2007, have been implemented with effect from 1 July 2008.
FAQ: What constitutes a “security” for the purpose of Securities Transfer Tax?
– Share or depository receipt in a company; or – Member’s interest in a close corporation. Note: The inclusion of “any right or entitlement to receive any distribution from a company or close corporation” was deleted from the definition of a “security” with effect from 1 April 2012
FAQ: What is Securities Transfer Tax?
It is a tax levied on every transfer of a security. Only the following securities are taxable: – within the borders of the Republic; and – outside the Republic, should that security be listed on an exchange.
FAQ: Is there a remuneration structured?
The CA training programme has a well-structured salary table which rewards trainees that are successful in meeting their academic and SAICA article requirements.
FAQ: What happens if trainees leave the programme before completing their three-year contract?
Trainees leaving within the three-year period will be responsible for the repayment of all study related costs borne by SARS during the course of their training as determined by the training office and programme manager and approved by a steering committee. These costs may differ as trainees are on different rotations as per their courses […]
