Supreme Court Act, 1959
R 385
Income Tax Act, 1962 (Act No. 58 of 1962)Regulations2007 RegulationsRegulations 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 amountPart 5: Compromise of tax debt13. Procedure for compromise of tax debt |
| (1) | If the Commissioner compromises a tax debt, the Commissioner and debtor must sign an agreement setting out— |
| (a) | the amount payable by the debtor in full satisfaction of the debt; |
| (b) | the undertaking by the Commissioner not to pursue recovery of the balance of the tax debt; and |
| (c) | all other conditions subject to which the tax debt is compromised by the Commissioner, which may include a requirement that the debtor must comply with subsequent obligations imposed in terms of any Act administered by the Commissioner. |
