Tax Administration Act, 2011 (Act No. 28 of 2011)
Duty to Keep the Records, Books of Account or Documents in Terms of Section 29 of the Tax Administration Act, 2011 (Act No. 28 of 2011)
5. Persons otherwise required to keep records, books of account or documents
If a person has entered into a potentially affected transaction and paragraph 4 does not apply to the potentially affected transaction, the person must keep the records, books of account or documents that enable the person to ensure and SARS to be satisfied that the potentially affected transaction is conducted at arm’s length.