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Income Tax Act, 1962 (Act No. 58 of 1962)


2009 Notices

Determination of interest rate from 1 July 2009

Notice No. 697 of 2009


Notice No. 697

26 June 2009

GG 32344


South African Revenue Service


By virtue of the powers vested in me by paragraph (a) of the definition of "official rate of interest" in paragraph 1 of the Seventh Schedule to the Income Tax Act, 1962 (Act No. 58 of 1962), I, Pravin Jamnadas Gordhan, Minister of Finance, hereby fix the rate of interest contemplated in paragraph (a) of that definition at 8,5 per cent with effect from 1 July 2009.



P J Gordhan

Minister of Finance