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National Treasury issues tax free investment regulations

23 February 2015   (0 Comments)
Posted by: Author: SARS
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Author: SARS

On Friday 20 February 2015 National Treasury issued regulations in terms of section 12T(8) of the Income Tax Act 58 of 1962. 

The regulations prescribe the requirements:

  • to which any financial instrument or policy shall conform for the purposes of constituting a tax free investment;
  • that must be complied with when a tax free investment is transferred; and
  • in respect of disclosure by any person contemplated in paragraph (a) of the definition of "tax free investment” in section 12T(1) in respect of a tax free investment.

Please click here to access the regulations.  


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.


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.

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