S.L. 123.164 Art. 5Rendering of account to Commissioner.

(1) Every payor of investment income arising from an ISA

shall not be required to render an account to the Commissioner in terms of article 34(2) of the Act, but shall file an annual return with the Commissioner by the 31 January following the year for which the return has been made.

(2) The annual return shall include the following details for the year in respect of which the return is drawn up:

(a) account numbers of all ISAs opened, maintained, or closed by such payor during that year;

(b) name, address, and income tax registration number of each person who held an ISA account with such payor at any time during that year;

(c) the gross amount of investment income paid to each such ISA account holder;

(d) date of opening of each ISA;

(e) date of closure of any ISA during that year;

(f) the total deposits made in each ISA account during the year; and

(g) the balance held in each ISA account at the end of the year, or, if such account has been closed, the balance at the time of closure.