Income Tax Act, 1962 (Act 58 of 1962)
Chapter III: General Provisions
Part IIIA: Settlement of Dispute
88G. Register of settlements and reporting (Repealed)
[Repealed by the Tax Administration Act, 2011 (Act No. 28 of 2011)].
|1)||The Commissioner must—|
|a)||maintain a register of all disputes settled in the circumstances contained in this Part; and|
|b)||fully document the process in terms of which each dispute was settled, which document must be signed on behalf of the Commissioner and the person concerned.|
|2)||The Commissioner must on an annual basis provide to the Auditor-General and to the Minister of Finance a summary of all disputes which were settled in whole or in part during the period of 12 months covered by that summary, which must—|
|a)||be in such format which, subject to section 4(1)(b), does not disclose the identity of the person concerned, and be submitted at such time as may be agreed between the Commissioner and the Auditor-General or Minister of Finance, as the case may be; and|
|b)||contain details of the number of disputes settled or part settled, the amount of revenue forgone and estimated amount of savings in costs of litigation, which must be reflected in respect of main classes of taxpayers or sections of the public.|
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