Page 97 - F6 Slide - Taxation - Lecture Day 2 Class

Tax

• What does the term practice generally prevailing

mean.

• Practice generally prevailing’ has been

incorporated in the Tax Administration Act.

• As a result, official practices found in Binding

General Rulings(court cases), Interpretation

Notes, Practice Notes or written statements by a

senior SARS official or the Commissioner are

binding unless legislation is passed to override

that practice.

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