54A.    Advance Tax Rulings

 

(1)     The provisions relating to advance tax rulings contained in Part IA of Chapter III of the Income Tax Act, 1962, apply mutatis mutandis for purposes of this Act.

 

(2)     Any procedures and guidelines issued by the Commissioner in terms of section 76S of the Income Tax Act, 1962, for implementation and operation of the advance tax ruling system apply mutatis mutandis for purposes of this Act.

[Section 54A inserted by section 42 of Act 34 of 2004, effective on 1 October 2006]