Income Tax Act, 1962 (Act No. 58 of 1962)

Regulations

2007 Regulations

Regulations issued under Section 91A, prescribing the circumstances under which the Commissioner may write-off or compromise any amount of tax, duty, levy, charge, interest, penalty or other amount

Part 3

Permanent write-off of tax debt

6. Permanent write-off of tax debt
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(1)The Commissioner may permanently write-off an amount of tax debt:—
(a)to the extent that the Commissioner is satisfied, at that time, that the tax debt is irrecoverable at law as contemplated in paragraph 7; or
(b)if the Commissioner compromised a tax debt in terms of Part 5.

 

(2)The Commissioner must notify the debtor, in writing, of any amount of tax debt permanently written off.