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)
7. Alternative arrangements with SARS
Where a person reasonably expects to have a high volume of potentially affected transactions that fall under subparagraphs (m) and (n) of paragraph 4, SARS may agree to alternative records that the person must keep under one or both subparagraphs to enable the person to ensure and SARS to be satisfied that the potentially affected transactions are conducted at arm’s length.