Notice No. 123

15 February 2012

National Treasury

I, Pravin J. Gordhan, Minister of Finance, hereby make the Approval of Municipal Taxes Regulations, 2012 ("the Regulations"), in terms of sections 5, 6, 10 and 12 of the Municipal Fiscal Powers and Functions Act, 2007 (Act No. 12 of 2007) ("the Act"). The Regulations are set out in the attached Schedule.

The Regulations provide for the approval of the continued imposition of certain municipal taxes which were imposed prior to the commencement of the Act, in respect of which municipalities submitted an application in terms of section 12 of the Act.

P.J. GORDHAN

MINISTER OF FINANCE

Date: 14/02/2012