
R 385
Income Tax Act, 1962 (Act No. 58 of 1962)Regulations2007 RegulationsRegulations issued under Section 91A, prescribing the circumstances under which the Commissioner may write-off or compromise any amount of tax, duty, levy, charge, interest, penalty or other amountPart 6: Records and reporting15. Records of tax debts written off or compromised |
(1) | The Commissioner must maintain a register of all tax debts written off or compromised in terms of these regulations. |
(2) | The register contemplated in subparagraph (1) must contain— |
(a) | the details of the debtor, including name, address and tax reference numbers; |
(b) | the amount of the tax debt written off or compromised and the periods to which the tax debts relate; and |
(c) | the reason for writing off or compromising the tax debt. |