SOUTH AFRICAN REVENUE SERVICE
MEDIA RELEASE NUMBER 6 OF 2002

4 APRIL 2002

STRATEGIC INDUSTRIAL INVESTMENT ALLOWANCE: TAX CLEARANCE

The South African Revenue Service (SARS) wishes to advise that the application form for tax clearance in respect of an investment allowance for qualifying strategic industrial projects is now available on its website.

The website address is www.sars.gov.za.

This investment allowance was announced by the Minister of Finance in his 2001 Budget Review and came into effect from 1 October 2001.

One of the requirements for the granting of the investment allowance is that the company and all connected persons, who are subject to taxation in South Africa obtain a tax clearance certificate confirming that their tax affairs are in order and that they are in good standing with SARS. This provision is contained in Section 12G(4)(g)(bb) of the Income Tax Act.

The final determination as regards to the qualification for this allowance lies with the Adjudication Committee of the Department of Trade and Industry.

The application for a tax clearance certificate must be submitted to:

Ms D Ferreira Block B
SARS Head Office
299 Bronkhorst Street
Nieuw Muckleneuk
0181

OR

Ms D Ferreira
PO Box 402
Pretoria
0001
Tel: 012 422 5049.

Applications can also be e-mailed to the following e-mail address: dferreira @ sars.gov.za

ISSUED BY THE COMMISSIONER FOR THE SOUTH AFRICAN REVENUE SERVICE
PRETORIA



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