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Income Tax Act, 1962 (Act 58 of 1962)

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

Part 6: Records and reporting

15. Records of tax debts written off or compromised

 

 

1) The Commissioner must maintain a register of all tax debts written off or compromised in terms of these regulations.

 

2) The register contemplated in subparagraph (1) must contain-
a) the details of the debtor, including name, address and tax reference numbers;
b) the amount of the tax debt written off or compromised and the periods to which the tax debts relate; and
c) the reason for writing off or compromising the tax debt.