Section 124: Obligation to furnish information

124. Obligation to furnish information (1) Notwithstanding section 44 (6) of the Financial Services Act or section 64 of the Banking Act, every person, when so required by the DirectorGeneral, shall, within the time fixed by the Director-General, give orally or in writing, as may be required, all such information as may be required by the Director-General for the purpose of enabling the Director-General to— (a) make an assessment or to collect tax; or (b) comply with any request for the exchange of information under an arrangement made pursuant to section 76. (2) Any person, when so required by notice in writing, shall furnish to the Director-General, within the time specified in the notice— (a) a certified copy of the profit and loss account and balance sheet, or such other statement of account as may be required, duly audited by a qualified auditor; (b) a statement analysing all moneys or value received and payments made by the person, his spouse and minor children; (c) a statement of all assets and liabilities of the person, his spouse, and minor children; and (d) where the request relates to subsection (1) (b), such information as may be specified in the notice for the purpose of satisfying the request under that subsection. [S. 124 amended by s. 12 (u) if Act 25 of 2000 w.e.f. 1 July 2000; s. 46 (4) (c) of Act 13 of 2001 w.e.f. 1 December 2001; s. 97 (4) of Act 14 of 2007 w.e.f. 22 August 2007; s. 24 (zd) of Act 9 of 2015 w.e.f. 14 May 2015.]