n Tax Breaks Newsletter - Selling your business as a going concern - how SARS sees it : value-added tax

Abstract

One of the great things about Interpretation Notes issued by the South African Revenue Service (SARS) is that while they do not supersede legislation, they give taxpayers and practitioners alike a very good indication of how SARS is likely to approach a particular transaction or series of transactions. In theory, this means that if one follows the guidelines contained in such an Interpretation Note, SARS will most likely see things the same way.