Income Tax Act, 1962 (Act No. 58 of 1962)Notices2009 NoticesDetermination of interest rate from 1 July 2009Notice No. 697 of 2009 |
Notice No. 697
26 June 2009
GG 32344
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 8,5 per cent with effect from 1 July 2009.
P J Gordhan
Minister of Finance