Tax on Retirement Funds Act, 1996 (Act No. 38 of 1996)

10. Notification of income allocated

Purchase

(1)	Where an insurer has allocated any income to a retirement fund as contemplated in section 9, such insurer shall notify—

(a)	such retirement fund within 14 days of the last day of the relevant tax period; and

(b)	the Commissioner by not later than three months after the end of such tax period, of the amount of the income so allocated.

(2)	The allocation contemplated in subsection (1) shall be in such form as the Commissioner may require.

(3)	Where an insurer fails to comply with the provisions of subsection (1) or (2), the provisions of section 9 shall not apply.