Print Page   |   Report Abuse
News & Press: SARS News & Tax Administration

Notice in terms of s.13quat(8) of area demarcated by City of Cape Town as an Urban Development Zone

01 March 2013   (0 Comments)
Posted by: SAIT Technical
Share |

By SARS Legal & Policy

The Minister of Finance published a notice in terms of s.13quat(8) of area demarcated by City of Cape Town as an Urban Development Zone (Notice 147 in Government Gazette 36195).

The Maitland extension, in terms of the urban renewal tax incentive (section 13quat of the Income Tax Act (Act No. 58 of 1962), is a contiguous polygon comprising broadly of four `sides' (i.e. northern, eastern, southern and western edge). The boundary of the existing urban development zone forms the western edge of the proposed extension. The extension incorporates approximately 41.8 hectares. The boundary is defined as a continuous line following the course of designated streets and or boundaries of erven as noted in the attached document, commencing on the north-western corner, and continuing in a clockwise direction as indicated in the attached document.

Please click here to download the Notice.


WHY REGISTER WITH SAIT?

Section 240A of the Tax Administration Act, 2011 (as amended) requires that all tax practitioners register with a recognized controlling body before 1 July 2013. It is a criminal offense to not register with both a recognized controlling body and SARS.

MINIMUM REQUIREMENTS TO REGISTER

The Act requires that a minimum academic and practical requirments be set to register with a controlling body. Click here for the minimum requirements of SAIT.

Membership Management Software Powered by YourMembership  ::  Legal