In addition to the records required under the Tax Administration Act, a registered person must retain the following records in respect of mineral resources extracted from within the Republic—
| (a) |
particulars of ''earnings before interest and taxes" as mentioned in section 5 of the Royalty Act with sufficient detail to identify all the gross sales, income and allowable deductions in respect of those earnings; |
| (b) |
particulars of ''gross sales" as mentioned in section 6 of the Royalty Act with sufficient detail to identify all transferred mineral resources in respect of those gross sales and the persons acquiring those transferred mineral resources; |
| (c) |
the quantity of mineral resources— |
| (i) |
extracted but not transferred; and |
by that registered person with sufficient detail to identify the mineral resources extracted and but not transferred and the mineral resources transferred;
| (d) |
the accounting income with sufficient detail to identify the "earnings before interest and taxes" as mentioned in section 5 of the Royalty Act that relate to that accounting income; |
| (e) |
any ledger, cash book, journal, cheque book, bank statement, deposit slip, paid cheque, invoice, other book of account or financial statement; and |
| (f) |
any information specifically required by the Commissioner by public notice. |
[Section 8 substituted by section 39 of the Tax Administration Laws Amendment Act, 2016 (Act No. 16 of 2016)]
Special Investigating Units and Special Tribunals Act, 1996
