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

Notice No. 892

31 August 2009

GG 32546

South African Revenue Service

By virtue of the powers vested in me by paragraph (a) of the definition of "official rate of interest" in paragraph 1 of the Seventh Schedule to the Income Tax Act, 1962 (Act No. 58 of 1962), I, Pravin Jamnadas Gordhan, Minister of Finance, hereby fix the rate of interest contemplated in paragraph (a) of that definition at 8 per cent with effect from 1 September 2009.

P J Gordhan

Minister of Finance