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Income Tax Act, 1962 (Act 58 of 1962)

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

 

 

Notice No. 316

Government Gazette No. 29788 dated 13th April 2007

 

 

REGULATIONS ISSUED UNDER SECTION 91A OF THE INCOME TAX ACT, 1962, (ACT NO. 58 OF 1962) PRESCRIBING THE CIRCUMSTANCES UNDER WHICH THE COMMISSIONER MAY WRITE-OFF OR COMPROMISE ANY AMOUNT OF TAX, DUTY, LEVY, CHARGE, INTEREST, PENALTY OR OTHER AMOUNT

 

By virtue of section 91A of the Income Tax Act, 1962, I, Trevor Andrew Manuel, Minister of Finance, hereby publish the regulations set out in the Schedule hereto, prescribing the circumstances under which the Commissioner for the South African Revenue Service may write off or compromise, in whole or in part, any amount of tax, duty, levy, charge, interest, penalty or other amount payable by a person in terms of any Act administered by the Commissioner where that write-off or compromise would be to the best advantage of the State.

 

 

 

T. A. MANUEL

MINISTER OF FINANCE