Statistics Act, 1999
R 385
Income Tax Act, 1962 (Act No. 58 of 1962)Notices2020 NoticesAmount of Value of Assets that may be paid in lump sum for purposes of paragraph (c) of Definition of Living Annuity in Section 1(1) of the Income Tax Act, 1962Notice No. 619 of 2020 |
Notice No. 619
1 June 2020
GG 43380
National Treasury
I, Tito Titus Mboweni, Minister of Finance, hereby withdraw all previous notices issued in terms of paragraph (c) of the definition of "living annuity" in section 1(1) of the Income Tax Act, 1962 (Act 58 of 1962) and prescribe that the amount referred to in paragraph (c) of the definition of "living annuity" in section 1(1) of the Income Tax Act, 1962, must be an amount of R125 000.
TT Mboweni
Minister of Finance
Date:
