Global Minimum Tax Administration Act, 2024 (Act No. 47 of 2024)

Notices

Public Notice in terms of Section 187(2) of the Tax Administration Act, 28 of 2011, prescribing the date from which the Method of Determining Interest in terms of this Section will apply to a Tax Type

Notice No. 7645 of 2026
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Notice No. 7645

30 June 2026

GG 54921

 

South African Revenue Service

 

In terms of section 187(2) of the Tax Administration Act, 2011, I, Ngobani Johnstone Makhubu, Commissioner for the South African Revenue Service, hereby prescribe that any interest imposed under section 7 of the Global Minimum Tax Administration Act, 2024 (Act No. 47 of 2024) read with Chapter 12 of the Tax Administration Act, must be calculated on the daily balance owing and compounded monthly, with effect from 30 June 2026.

 

 

N J Makhubu

Commissioner for the South African Revenue Service