write-off or compromise of tax, levy, duty, etc
7 May 2007

The Minister of Finance recently published regulations, prescribing the circumstances under which the Commissioner for SARS may write off or compromise, in whole or in part, any amount of tax, duty, levy, charge, interest, penalty or other amount payable by a person in terms of any Act administered by the Commissioner, where that write-off or compromise would be to the best advantage of the State.

The regulations are divided into seven parts, i.e. General provisions; Temporary and Permanent write-off of tax debt, Tax debt irrecoverable at law; Procedures for write-off ; Compromise of tax debt; Records and reporting and the Exercise of power to write off or compromise

Government Gazette No. 29788 of 13 April 2007