The South African Revenue Service (SARS) has released the following interpretation notes, dated 20 and 21 December 2018, respectively: Interpretation Note 107, which provides providing guidance on the interpretation and application of the rules that provide for an allowance on any new and unused buildings or any new and unused improvements to any building, owned and wholly or mainly used by a taxpayer for purposes of producing income in the course of that taxpayer’s trade. Interpretation Note 15 (Issue 5), which provides guidance on the factors that a senior SARS official will take into account when deciding whether to extend...