Global Minimum Tax Administration Tax Act, 2024 (Act No. 47 of 2024)

9. Record-keeping and extension of period
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(1) In addition to the records required under the Tax Administration Act, a Designated Local Entity, Domestic Constituent Entity, Domestic Joint Venture or Domestic Joint Venture subsidiary must keep the records to demonstrate compliance with the Global Minimum Tax Act and this Act.

 

(2) For purposes of section 29(3) of the Tax Administration Act, the period that records, books of account or documents must be retained for purposes of this Act is extended to seven years.