Chief Registrar's Circular No. 9 of 2009 - The South African Revenue Services ("SARS") has announced that the payment of transfer duty with regard to the acquisition of property is based on specific laid down requirements which influence the amount of duty to be paid and/or whether any penalty (additional tax) is payable as a result of non-adherence to such requirements.
The practice of amending Transfer Duty Receipts is, as a result of the above, a major cause of concern for audits by the Auditor-General. As a consequence SARS will, as from 1 July 2009, no longer effect any manual amendments/changes to Transfer Duty Receipts.
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