Acts Online
GT Shield

Income Tax Act, 1962 (Act 58 of 1962)

Chapter III: General Provisions

Part IIB: Reportable Arrangements

80P. Information to be submitted (Repealed)



[Repealed by the Tax Administration Act, 2011 (Act No. 28 of 2011)].


The promoter or participant, as the case may be, must submit, in relation to the reportable arrangement, in the form and manner (including electronically) and at such place as may be prescribed by the Commissioner —

a) a detailed description of all its steps and key features;
b) a detailed description of the assumed tax benefits for all participants, including, but not limited to, tax deductions and deferred income;
c) the names, registration numbers and registered addresses of all participants;
d) a list of all its agreements; and
e) any financial model that embodies its projected tax treatment.