Income Tax Act, 1962 (Act No. 58 of 1962)

Notices

2012 Notices

Exemption: Clothing and textile competitiveness program grants

Notice No. R. 538 of 2012
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Notice No. R. 538

13 July 2012

GG 35516

 

National Treasury

 

I, Pravin Jamnadas Gordhan, Minister of Finance, hereby give notice that any grant received by or accrued to a person by virtue of the clothing and textile competitiveness program administered by the Department of Trade and Industry shall be exempt from normal tax with effect from 1 April 2009 under section 10(1)(y) of the Income Tax Act, 1962 (Act No. 58 of 1962).

 

 

P. J. Gordhan

Minister of Finance