A Binding Class Ruling (BCR) is issued in response to an application and clarifies how the Commissioner would interpret and apply the provisions of the tax laws relating to a specific proposed transaction.
Applicable Legislation
  • Any tax Act administered by SARS as referred to in section 4 of the South African Revenue Service Act, 1997, excluding the Customs and Excise Act, 1964 

Also see the Register of all Binding Class Rulings. (The register comprises an overview of all Binding Class Rulings, followed by Binding Class Rulings organised according to tax types.)

Number​Applicable Legislation​Subject

BCR 088

Income Tax Act, 1962En commandite partners investing in solar assets

BCR 087

Income Tax Act, 1962Consequences for shareholders upon termination of a venture capital company
BCR 086Income Tax Act, 1962Waiver of debt by an employer relating to the unwinding of a share purchase scheme
BCR 085Income Tax Act, 1962En commandite partnerships investing in photovoltaic solar energy plants
BCR 084Income Tax Act, 1962Transfer of funds held in trust to a “beneficiary fund”
BCR 083Income Tax Act, 1962Simultaneous unbundling of shares held in more than one listed company
BCR 082Income Tax Act, 1962Deductibility of mining rehabilitation insurance premiums
BCR 081Income Tax Act, 1962Hybrid equity interest or third-party backed share

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