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The General Notes in this Archive have been either withdrawn or replaced and are only intended for reference and/or research purposes.
General Notes that are still effective, can be found under Interpretation and Rulings –> General Notes.
General Note Number | History | Description | Notes | |
|---|---|---|---|---|
| General Note | Issued on 22/07/1993 ———————— Withdrawn on 04/03/2021 | Stoporder against benefits transferred from a pension fund to a provident fund | Legislation is clear regarding the tax treatment of transfers from pension to provident funds | |
| General Note 1 | Issued on 15/02/1995 ———————— Withdrawn on 04/03/2021 | Transfers from pension to provident funds in terms of the 14 September 1990 arrangement | Legislation is clear regarding the tax treatment of transfers from pension to provident funds | |
| General Note 2 | Issued on 15/02/1995 ———————— Withdrawn on 13/03/2021 | Transfers from South African pension and provident funds to Namibian retirement funds | Legislation is clear in respect of the tax treatment of benefits transferred from a South African approved pension fund or provident fund to a Namibian fund. The full amount transferred from a South African approved pension fund or provident fund to a Namibian fund is taxable in accordance with the tax rates applicable to withdrawal benefits, subject to the provisions of section 9(2)(i) of the Act. | |
| General Note 3 | Issued on 15/02/1995 ———————— Withdrawn on 29/03/2012 | Preservation funds and the “N-factor” | It became obsolete due to legislative changes | |
| Addendum A to General Note 3 | Issued on 28/09/2007 ———————- Withdrawn on 29/03/2012 | Legislative changes affecting the “N-factor” | It became obsolete due to legislative changes | |
| General Note 5 | Issued on 20/02/1995 ———————– Withdrawn on 29/03/2012 | Determination of death benefits | It became obsolete due to legislative changes | |
| Addendum A to General Note 5 | Issued on 27/11/2007 ———————– Withdrawn on 29/03/2012 | Determination of death benefits | It became obsolete due to legislative changes | |
| General Note 6 | Issued on 20/07/1995 ———————- Withdrawn on 29/03/2012 | Formula B: Maximums | Reviewed on 01/03/2007, but no changes were effected. It became obsolete due to legislative changes | |
| Addendum A to General Note 6 | Issued on 28/09/2007 ———————– Withdrawn on 29/03/2012 | Formula B | It became obsolete due to legislative changes | |
| General Note 7 | Issued on 20/07/1995 —————— Withdrawn with effect from 05/11/2012 | Source of Income – S.9(1)(g)(ii) and lump sum benefits from pension and provident funds | Retracted on 5 November 2012 | |
| General Note 8 | Issued on 20/07/1995 ———————— Witdrawn on 29/03/2014 | Purchase of annuities at retirement | It became obsolete due to legislative changes | |
| General Note 9 | Issued on 20/07/1995 ———————— Withdrawn on 26/02/2021 | Purchase of annuities and transfer to retirement annuity fund at retirement | Replaced by General Note 9A | |
| General Note 9A | Issued on 01/10/2007 ———————— Witdrawn on 26/02/2021 | Purchase of annuities and transfer to retirement annuity fund at retirement | To be read with General Note 12 | |
| General Note 10 | Issued on 20/07/1995 ———————- Withdrawn with effect from 05/11/2012 | Source of Income – S.9(1)(g)(ii) | Retracted on 5 November 2012 | |
| General Note 11 | Issued on 20/07/1995 ———————— Withdrawn on 14/10/2015 | Retirement from employment | It became obsolete due to legislative changes | |
| General Note 12 | Issued on 20/07/1995 ———————— Withdrawn on 26/02/2021 | Retirement from employment | Replaced by General Note 18 (Issue 2) on 01/09/2008 | |
| General Note 13 | Issued on 20/07/1995 ——————— Withdrawn on 05/03/2021 | Retirement from employment | The legislation is clear regarding compulsory annuitisation of provident and provident preservation funds | |
| General Note 14 (Issue 1) | Issued on 24/04/1995 ———————– Replaced by Issue 2 | Housing Loans and Guarantees (s.99) | Replaced by Issue 2 with effect from 12 September 2007 | |
| General Note 14 (Issue 2) | Issued on 12/09/2007 ——————— Withdrawn on 03/03/2021 | Housing Loans and Guarantees (s.99) | It became obsolete due to legislative changes | |
| General Note 15 (Issue 1) | Issued on 20/02/1995 ———————- Replaced by Issue 2 | Funds registered in the former TBVC states | Replaced by Issue 2 with effect from 12 September 2007 | |
| General Note 15 (Issue 2) | Issued on 12/09/2007 ——————— Withdrawn on 03/03/2021 | Funds registered in the former TBVC states | These funds are all registered and granted the necessary approval | |
| General Note 16 (Issue 1) | Issued on 15/09/1995 ——————— Replaced by Issue 2 | Commutation of Small Annuities | Replaced by Issue 2 with effect from 31 March 2010 | |
| Addendum A to General Note 16 (Issue 1) | Issued on 01/07/2006 ——————— Replaced by Issue 2 | Commutation of Small Annuities | Replaced by Issue 2 with effect from 31 March 2010 | |
| Addendum B to General Note 16 (Issue 1) | Issued on 31/03/2008 ——————— Replaced by Issue 2 | Commutation of Small Annuities | Replaced by Issue 2 with effect from 31 March 2010 | |
| Addendum C to General Note 16 (Issue 1) | Issued on 30/03/2009 ——————— Replaced by Issue 2 | Commutation of Small Annuities | Replaced by Issue 2 with effect from 31 March 2010 | |
| General Note 16 (Issue 2) | Issued on 31/03/2010 ———————– Withdrawn on 17/02/2021 | Commutation of Small Annuities | It became obsolete due to legislative changes | |
| General Note 17 (Issue 1) | Issued on 12/09/2007 ——————— Replaced by Issue 2 | Standard Rules | Replaced by Issue 2 with effect from 12 September 2007 | |
| General Note 17 (Issue 2) | Issued on 12/09/2007 ——————— Withdrawn on 03/03/2021 | Standard Rules | The function of approving retirement funds for income tax purposes to be delegated to the Financial Sector Conduct Authority (FSCA) | |
General Note 18 (Issue 1) | Issued in August 1996 ———————– Replaced by Issue 2 | Definitions of Pension and Provident Fund: Providing Annuities on Retirement from Employment Decision | Replaced by Issue 2 with effect from 1 September 2008 | |
General Note 18A (Issue 1) | Issued in August 1997 ———————- Replaced by Issue 2 | Definitions of Pension and Provident Fund: Providing Annuities on Retirement from Employment Decision | Replaced by Issue 2 with effect from 1 September 2008 | |
| General Note 18 (Issue 2) | Issued in 01/09/2008 ———————- Withdrawn on 26/02/2021 | Definitions of Pension and Provident Fund: Providing Annuities on Retirement from Employment Decision | It became obsolete due to legislative changes | |
| General Note 18A (Issue 2) | Issued in 01/09/2008 ———————- Withdrawn on 26/02/2021 | Definitions of Pension and Provident Fund: Providing Annuities on Retirement from Employment Decision | It became obsolete due to legislative changes | |
| General Note 19 | Issued on 19/12/1997 ———————– Withdrawn on 27/02/2015 | Purchase of more than one annuity at retirement | It became obsolete due to legislative changes | |
| General Note 21 (Issue 2) | Issued on 01/03/2006 ——————— Withdrawn on 05/03/2021 | Application for tax directives (benefits that include pre- 1 March 1998 vested rights) | It became obsolete due to legislative changes | |
| General Note 22 (Issue 1) | Issued on 07/12/1999 ———————- Replaced by Issue 2 | Paragraph (c) benefit funds | Replaced by Issue 2 with effect from 1 September 2008 | |
| General Note 22 (Issue 2) | Issued on 01/09/2008 ———————- Withdrawn on 02/03/2021 | Paragraph (c) benefit funds | It became obsolete due to legislative changes | |
| General Note 24 | Issued on 06/10/2000 ———————- Withdrawn on 29/03/2012 | Retirement from Employment | It became obsolete due to legislative changes | |
| General Note 26 | Issued on 14/01/2002 ———————- Withdrawn on 03/03/2021 | Deductibility of administration costs | No deduction of administrative expenses available under section 11(a) of the Act, as these expenses were not incurred in the production of income | |
| General Note 27 | Issued on 17/01/2005 ———————- Withdrawn on 03/03/2021 | Amendments and revised rules | The function of approving retirement funds for income tax purposes to be delegated to the Financial Sector Conduct Authority (FSCA) | |
| General Note 28 | Issued on 02/04/2002 ———————- Withdrawn on 03/03/2021 | Group life benefits provided by provident funds | The function of approving retirement funds for income tax purposes to be delegated to the Financial Sector Conduct Authority (FSCA) | |
| General Note 29 | Issued on 28/03/2003 ———————- Withdrawn on 03/03/2020 | Apportionment of surplus and minimum benefit requirements | Replaced by Interpretation Note 113 on apportionment of surplus and minimum benefit requirements: Pension Funds Second Amendment Act | |
| Addendum A to General Note 29 | Issued on 19/04/2008 ———————- Withdrawn on 03/03/2020 | Apportionment of surplus and minimum benefit requirements | Replaced by Interpretation Note 113 on apportionment of surplus and minimum benefit requirements: Pension Funds Second Amendment Act | |
| General Note 32 | Issued on 24/03/2004 ———————- Withdrawn on 4/03/2016 | Late payment interest | Replaced by Binding General Ruling 31 on interest on late payment of benefits | |
| General Note 35 | Issued on 8/04/2004 ———————- Withdrawn on 21/02/2018 | Unclaimed benefits | Replaced by Interpretation Note 99 on unclaimed benefits | |
| General Note 37 | Issued on 31/10/2008 ———————- Withdrawn on | Maintenance awards | Replaced by Interpretation Note 89 on maintenance orders and the tax-on-tax principle | |
