Exchange Control Amnesty and Amendment of Taxation Laws Act, 2003 (Act No. 12 of 2003)

Regulations issued in terms of Section 30 of the Exchange Control Amnesty and Amendment of Taxation Laws Act, 2003

17)	For the purposes of section 6(4), 8(b), 10(1)(c) and 20(1)(b) of the Act, an amount not disclosed in terms of the Value-Added Tax Act, 1991 (Act No. 89 of 1991), does not constitute proceeds of unlawful activities where that non-disclosure related to any zero-rated supply of goods or services.

18)	The provisions of section 20(1)(b) of the Act apply only in respect of foreign assets or foreign bearer instruments held by the applicant on 28 February 2003.