Stamp Duties Act, 1968 (Act 77 of 1968)
R 385
Income Tax Act, 1962 (Act No. 58 of 1962)RegulationsRegulations in terms of section 12T(8) of the Income Tax Act, 1962, on the requirements for Tax Free InvestmentPart II : Issue of financial instrument and policy3. Advertising of tax free investment |
| (1) | A product provider must advertise a tax free investment as being a tax free investment by virtue of section 12T of the Income Tax Act when members of the general public are invited to invest therein. |
| (2) | When a product provider advertises a tax free investment as contemplated in subregulation (1), the designation of the instrument or policy that constitutes the tax free investment must contain the words "tax free". |
| (3) | If a product provider advertises a tax free investment as contemplated in subregulation (1) and that tax free investment consists of a financial instrument or policy with a fixed term and a guaranteed return the product provider must stipulate the rate of return of that tax free investment as calculated in accordance with regulation 10A in that advertisement. |
[Regulation 3(3) inserted by regulation 3 of Notice No. R. 309, GG 40758, dated 31 March 2017
