Acts Online
GT Shield

Income Tax Act, 1962 (Act 58 of 1962)

Chapter III: General Provisions

Part IA: Advance Tax Rulings

76P. Binding General Rulings (Repealed)



[Repealed by the Tax Administration Act, 2011 (Act No. 28 of 2011)].


1) The Commissioner may, at any time, make binding general rulings.


2) A binding general ruling may be effective for either—
a) a particular year of assessment or other definite period; or
b) an indefinite period.


3) A binding general ruling must state—
a) that it is a binding general ruling made under this section;
b) the provisions of the Act which are the subject of the binding general ruling; and
c) either—
i) the year of assessment or other definite period for which it applies; or
ii) in the case of a binding general ruling for an indefinite period, that it is for an indefinite period and the date or year of assessment from or beginning with which it applies.


4) Subject to the minimum requirements set forth in subsection (3) of this section, binding general rulings may be issued in such form and in such manner as the Commissioner may prescribe, including but not limited to interpretation notes and practice notes.


5) A publication or other written statement does not constitute and may not be considered or treated as a binding general ruling unless it contains the information prescribed by subsection (3) of this section.