Acts Online
GT Shield

Income Tax Act, 1962 (Act 58 of 1962)

Determination of Interest Rate

 

 

Notice No. 189 of 2006

 

Determination of Interest Rate for purposes of paragraph (a) of the definition of "official rate of interest" in paragraph 1 of the Seventh Schedule to the Income Tax Act, 1962

 

By virtue of the powers vested in me by paragraph (a) of the definition of "official rate of interest" in paragraph 1 of the Seventh Schedule to the Income Tax Act 1962 (Act No. 58 of 1962), I, Trevor Andrew Manuel, Minister of Finance, hereby fix the rate of interest contemplated in paragraph (a) of that definition at 10 per cent with effect from 1 March 2007.

 

 

 

T. A. MANUEL

MINISTER OF FINANCE