Category: Section 47K (ITA) – Notification of specified activity

Section 47K

 

  1. Section 47K inserted by section 44 of Act 31 of 2005 effective on 1 August 2006.

 

  1. Part IIIA inserted by section 44 of Act 31 of 2005 effective on 1 August 2006.

Section 47K (ITA) – Notifications of specified activity

Posted on by admin_kmos

47K.    Notification of specified activity

 

Any resident who is primarily responsible for founding, organising, or facilitating a specified activity in the Republic and who will be rewarded directly or indirectly for that function of founding, organising or facilitating must, in the manner and form prescribed by the Commissioner –

 

(a)     notify the Commissioner of that specified activity within 14 days after the agreement relating to that founding, organising or facilitating of that specified activity has been concluded; and

 

(b)     provide to the Commissioner such other details relating thereto as may be required by the Commissioner.