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).
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.
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.