| Proceeds from the sale of assets in South Africa owned by a non-resident are remittable to the non-resident. |
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| However, interest will not accrue before October 1992 on any amount payable or remittable by a person resulting from a retroactive amendment. |
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| If a deceased person's estate has amounts payable or remittable, we will contact the executor or administrator of the estate and ask for payment of the outstanding amounts. |
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| Existing section 230 requires the Minister to pay a refund with interest to a person of any amount paid on account of the person's net tax for a reporting period that exceeds the actual net tax remittable for the period. |
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| The determination of the GST remittable on certain taxable benefits for employees and shareholders is calculated based on amounts determined for income tax purposes. |
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| For example, if the net tax was remittable on January 31, penalty and interest would be computed beginning on February 1 and ending on the day the amount was remitted, both days inclusive. |
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| Foreign investment by sponsoring directors will be permissible on the basis of capital being non-repatriable but dividends remittable abroad. |
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| However, the liability of a partner or former partner for amounts that became payable or remittable before the person became a partner is limited to the property and money of the partnership. |
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