(1) Subject to this section, an assessment may be made in relation to any person at any time prior to the expiry of 6 years after the end of the year of income to which it relates.
(2) Where a return of income is furnished after the end of the year of income, an assessment may be made at any time prior to the expiry of 6 years after the end of the year during which it is furnished.
(3) Subject to subsection (4), where no return of income is furnished in relation to a year of income, an assessment may be made at any time before the expiration of 6 years after the year of income to which it relates.
(4) Where, due to any fraud or wilful default—
(a) no return of income is furnished in relation to a year of income; or
(b) an incorrect return of income has been furnished in relation to a year of income,
an assessment in relation to such year may be made at any time.
(5) Where a person is deceased, despite the provisions of subsections (1), (2), (3) and (4), no assessment shall be made at any time after the expiry of 4 years from the end of the year in which such person died.
(6) The provisions of subsection (4) are without prejudice to the right of appeal of a tax payer under this Act.
(Amended by Act 9 of 2001)