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Income Tax Act, 1962 (Act 58 of 1962)

Regulations in terms of section 12L of the Income Tax Act, 1962, on the allowance for energy efficiency savings

3. Responsibilites of SANEDI

 

 

(1) SANEDI must appoint suitably qualified persons to consider reports submitted by a person claiming the allowance.

 

(2) If after consideration of a report SANEDI is satisfied that the information contained in a report—
(a) complies with the standard;
(b) is an accurate reflection of the energy efficiency savings of the person claiming the allowance in respect of the year of assessment for which the allowance is claimed; and
(c) complies with these Regulations,

SANEDI must issue a certificate containing the information set out in regulation 4 to the person claiming the allowance.

 

(3) SANEDI may investigate or cause to be investigated any energy efficiency savings of a person contained in a report to be satisfied that the information contained in the report is an accurate reflection of the energy efficiency savings of the person submitting the report.

 

(4)        SANEDI must—

(a) keep and maintain all reports submitted for consideration;
(b) create and maintain a database of all certificates issued by SANEDI in accordance with these Regulations; and
(c) at all times provide the Minister of Finance and the Commissioner for the South African Revenue Service with ready access to—
(i) the reports contemplated in paragraph (a); and
(ii) the database contemplated in paragraph (b).