Government Notice No. 619 of 2020

Income Tax Act, 1962 » Notice in respect of Amount of value of Assets that may be paid in Lump Sum for...

Title	Income Tax Act, 1962 » Notice in respect of Amount of value of Assets that may be paid in Lump Sum for Purposes of Paragraph (c) of Definition of Living Annuity in section 1 (1) of the Act
Department	National Treasury
Gazette	National Gazettes, No. 43380 of 01 June, 2020, 2 page(s), 839Kb

STAATSKOERANT, 1 JUNIE 2020                         No. 43380    3

GOVERNMENT NOTICE
                                                           
                                                  NATIONAL TREASURY
          NO. 619             No. R.                                            June 2020         01 JUNE 2020
          
                                                MINISTER OF FINANCE

NOTICE IN RESPECT OF AMOUNT OF VALUE OF ASSETS THAT MAY BE PAID
                    IN LUMP SUM FOR PURPOSES OF PARAGRAPH (c) OF DEFINITION OF LIVING

ANNUITY IN SECTION 1(1) OF INCOME TAX ACT, 1962

I, Tito Titus Mboweni, Minister of Finance, hereby withdraw all previous notices issued
                    in terms of paragraph (c) of the definition of 'living annuity' in section 1(1) of the Income

Tax Act, 1962 (Act 58 of 1962) and prescribe that the amount referred to in paragraph
                    (c) of the definition of 'living annuity' in section 1(1) of the Income Tax Act, 1962, must
                    be an amount of R125 000.

TT MBOWENI
                    MINISTER OF FINANCE

Date:

Type your email for free alerts on latest National Treasury notices as they are published

greengazette

Government Notice No. 619 of 2020

Links

Publications

Insight