30 September 2016 – SARS on collective investment schemes and takeovers

SARS has noted recent media reports on planned transactions that would involve shareholders in the target of a high profile takeover disposing of their shares to Collective Investment Schemes (“Schemes”) by way of an asset-for-share transaction under section 42 of the Income Tax Act, 1962.

23 September 2016 – SARS the good news story

We have noted the continued and sustained media attacks on the integrity of SARS and the Commissioner, Tom Moyane, on blanket malicious allegations that cannot be substantiated by facts.