SOUTH AFRICAN REVENUE SERVICE
MEDIA RELEASE NUMBER 10 OF 1999

21 APRIL 1999

ADJUSTMENT OF THE RATES OF INTEREST CONTAINED IN THE INCOME TAX ACT, 1962, THE CUSTOMS AND EXCISE ACT, 1964, AND THE VALUE-ADDED TAX ACT, 1991

In view of the recent decrease in all interest rates, it is considered desirable that the rates prescribed in the various tax Acts should be adjusted accordingly.

It is, therefore, hereby notified for general information that, the Minister of Finance, Mr T A Manuel has, with effect from 1 May 1999, adjusted the interest rates contained in the Income Tax Act, 1962, Customs and Excise Act, 1964, and Value-Added Tax Act, 1991, as follows:

ISSUED BY THE COMMISSIONER FOR THE SOUTH AFRICAN REVENUE SERVICE
PRETORIA



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