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Income Tax Act, 1962 (Act 58 of 1962)

Regulations issued under Section 91A of the Income Tax Act, 1962

Part 5: Compromise of tax debt

13. Procedure for compromise of tax debt



1) If the Commissioner compromises a tax debt, the Commissioner and debtor must sign an agreement setting out-
a) the amount payable by the debtor in full satisfaction of the debt;
b) the undertaking by the Commissioner not to pursue recovery of the balance of the tax debt; and
c) all other conditions subject to which the tax debt is compromised by the Commissioner, which may include a requirement that the debtor must comply with subsequent obligations imposed in terms of any Act administered by the Commissioner.