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


Regulations in terms of section 12T(8) of the Income Tax Act, 1962, on the requirements for Tax Free Investment

Part V : Returns and maturity date

10B. Restriction on maturity date


A product provider may not offer any tax free investment with a fixed term of which the maturity date occurs more than five years after the date on which that financial instrument or policy is issued.


[Regulation 10B inserted by regulation 8 of Notice No. R. 309, GG 40758, dated 31 March 2017]