S.L. 478.2 Art. 16Submission of copy of tax return to the Commissioner.

A company to whom a letter of approval has been issued in terms of regulation 9 shall submit to the Commissioner, by not later than two months after the relative tax return date, a copy of the tax return for the year of assessment for which the relative benefit may be claimed in terms of under these regulations and for each subsequent year of assessment for which the said benefit remains available to it, irrespective of whether the benefit is utilised or not. for any matter relevant to an approved application.

(2) The Commissioner shall keep a database of all assistance provided to, or claimed by, a company under these regulations for ten years from the date on which the last individual assistance was granted, in order to enable it to -

(a) verify whether the provisions of these regulations have been complied with;

(b) provide the State Aid Monitoring Board with such information as it may require; and

(c) inform the Commissioner of Inland Revenue whether the credits claimed in terms of these regulations have been properly calculated.