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Income Tax Act, 1962 (Act 58 of 1962)

Regulations made under Section 13quat(9) of the Income Tax Act, 1962 (Act No. 58 of 1962)

2. Reporting requirements in respect of buildings in urban development zones

 

 

A municipality must, in respect of each financial year of that municipality supply the Commissioner and the Minister with the following information -

a) in respect of certificates confirming that a building is located within an urban development zone within that municipality for the purposes of section 13quat(4)(a):
i) The name of every person to which the municipality issued such a certificate;
ii) the total number of such certificates issued to taxpayers by that municipality;
iii) the extent to which a building in respect of which such a certificate was issued is used for-
aa) commercial purposes;
bb) residential purposes;
cc) low-cost residential units contemplated in section 13quat(3A); or
dd) industrial purposes;
b) in respect of building plans to erect, extend, add to or improve a building or part of a building in each urban development zone within that municipality:
i) The number of building plans approved; and
ii) the estimated total cost of the erections, extensions, additions or improvements in respect of which such building plans were approved;

and

c)
i) the total number of building plans approved by the municipality; and
ii) the estimated total cost of the erections, extensions, additions or improvements in respect of which such building plans were approved.