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Income Tax Act, 1962 (Act 58 of 1962)

Schedules

Sixth Schedule : Determination of Turnover Tax payable by Micro Businesses

Part IV : Registration

9. Voluntary Deregistration

 

 

(1) A registered micro business may elect to be deregistered before the beginning of a year of assessment or such later date during that year of assessment as the Commissioner may prescribe by notice in the Gazette.

 

(2) A registered micro business that elects to be deregistered under subparagraph (1) must be deregistered by the Commissioner with effect from the beginning of that year of assessment.

 

(3) [Subparagraph (3) deleted by section 72(1) of the Taxation Laws Amendment Act, 2014 (Act No. 43 of 2014)]