Page 45 - Taxation F6 - The South African Tax System
P. 45
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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