50H.    Currency of payments made to Commissioner

If an amount withheld by a person in terms of section 50E(1) is denominated in any currency other than the currency of the Republic, the amount so withheld must, for the purposes of determining the amount to be paid to the Commissioner in terms of section 50F(2), be translated to the currency of the Republic at the spot rate on the date on which the amount was so withheld.

[Part IVB inserted by section 98 of Act 31 of 2013 effective on 1 March 2015 – comes into operation in terms of section 98 of Act 31 of 2013, substituted by section 125 of Act 43 of 2014]

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