Tax Administration Act, 2011 (Act No. 28 of 2011)Chapter 14 : Write off or Compromise of Tax debtsPart B : Temporary write off of tax debt195. Temporary write off of tax debt |
| (1) | A senior SARS official may decide to temporarily "write off" an amount of tax debt — |
| (a) | if satisfied that the tax debt is uneconomical to pursue as described in section 196 at that time; or |
| (b) | for the duration of the period that the 'debtor' is subject to business rescue proceedings under Chapter 6 of the 'Companies Act', as referred to in section 132 of that Act. |
[Section 195(1) substituted by section 55 of the Tax Administration Laws Amendment Act, 2014 (Act No. 44 of 2014)]
| (2) | A decision by the senior SARS official to temporarily "write off" an amount of tax debt does not absolve the "debtor" from the liability for that tax debt. |
| (3) | A senior SARS official may at any time withdraw the decision to temporarily "write off" a tax debt if satisfied that the tax debt is no longer uneconomical to pursue as referred to in section 196 and that the decision to temporarily "write off" would jeopardise the general tax collection effort. |