n IMFO : Official Journal of the Institute of Municipal Finance Officers - Tax - reportable arrangements - a municipal perspective

Volume 16, Issue 4
  • ISSN : 1607-520X


To bring visibility of complicated arrangements used by planners to ensure the tax efficiencies of transactions, the tax legislation has introduced a mechanism to report certain transactions to SARS, failing which the parties can be heavily penalised. Until a recent amendment dated 3 February 2016, (vol. 608, Government Gazette no. 39650) ("the Public Notice"), the rules relating to reportable arrangements excluded the need for a municipality to report (i.e. no tax benefits enjoyed by a tax exempt entity). Now, in main, the Metropolitan councils (Category A) or larger municipalities will be required to consider the application of "reportable arrangements" set out in sections 34 to 39 and section 212 of the Tax Administration Act, 2011 ("TA Act").

Loading full text...

Full text loading...


Article metrics loading...


This is a required field
Please enter a valid email address
Approval was a Success
Invalid data
An Error Occurred
Approval was partially successful, following selected items could not be processed due to error