Foodstuffs, Cosmetics and Disinfectants Act, 1972
R 385
Income Tax Act, 1962 (Act No. 58 of 1962)Notices2012 NoticesExemption: Clothing and textile competitiveness program grantsNotice No. R. 538 of 2012 |
Notice No. R. 538
13 July 2012
GG 35516
National Treasury
I, Pravin Jamnadas Gordhan, Minister of Finance, hereby give notice that any grant received by or accrued to a person by virtue of the clothing and textile competitiveness program administered by the Department of Trade and Industry shall be exempt from normal tax with effect from 1 April 2009 under section 10(1)(y) of the Income Tax Act, 1962 (Act No. 58 of 1962).
P. J. Gordhan
Minister of Finance
