On 28 January 2020, the South African Revenue Service (SARS) issued Interpretation Note 67 (Issue 4), which provides updated guidance on the interpretation and application of the definition of "connected person" in terms of the Tax Administration Act and Income Tax Act. The Interpretation Note covers several areas, including connected persons in relation to different types of persons, namely:
- Natural persons;
- Trusts;
- Connected persons in relation to a trust;
- Members of any partnership or fo…