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Income Tax Act, 1962 (Act No. 58 of 1962)

Regulations

Regulations in terms of section 12T(8) of the Income Tax Act, 1962, on the requirements for Tax Free Investment

Part IX : Compliance with regulations

19. Objection of Registrar to implementation of tax free investment

 

Where the Registrar, as contemplated in section 12T(9), of the Income Tax Act objects to the intended implementation of a tax free investment contemplated in regulation 18(1)(a), the product provider may not implement the intended tax free investment until such time as the grounds for the objection has been resolved to the satisfaction of the Registrar.

 

[Regulation 19 inserted by regulation 12 of Notice No. R. 309 of 2017]