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South Africa Releases Updated Interpretation Note on Treatment of Disposal of Shares as Capital in Nature

|Approved Changes|South Africa
South Africa

The South African Revenue Service (SARS) has released Interpretation Note 43 (Issue 8), which clarifies the rules on the circumstances in which certain amounts received or accrued from the disposal of shares are deemed to be of a capital nature. The Note provides clarity on the interpretation and application of section 9C, which deems the amount derived from the disposal of specified shares he…

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