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News & Press: Individuals Tax

Notice on purchase of more than one annuity at retirement has become obsolete

Tuesday, 03 March 2015   (0 Comments)
Posted by: Author: SARS
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Author: SARS

On the 27th of February 2015, SARS announced general notice 19 of 1997 been archived.

The notice serves to keep individuals informed of impending changes to purchases of more than one annuity at retirement age has been archived, as it became obsolete due to legislative changes

Please click here to access general notice 19.

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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.

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