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As per the SARS website: “This guide is a general guide regarding the taxation of farming operations in South Africa. The main aim of this guide is to highlight the direct tax consequences for persons conducting such operations.”
“This guide is not an “official publication” as defined in section 1 of the Tax Administration Act 28 of 2011 and accordingly does not create a practice prevailing under section 5 of that Act. It is also not a binding general ruling under section 89 of Chapter 7 of the Tax Administration Act. Should an advance tax ruling be required, visit the SARS website for details of the application procedure.
This guide is based on the legislation as at date of issue.”
SARS DRAFT GUIDE ON THE TAXATION OF FARMING OPERATIONS
Closing date for comments is 25 November 2022.
Comments can be emailed to: policycomments@sars.gov.za
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