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South Africa
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Taxation Laws Amendment Act, No. 20 of 1994


Long title

To amend the Marketable Securities Tax Act, 1948, so as to delete an obsolete section; to amend the Transfer Duty Act, 1949, so as to provide for a reduction of the transfer duty payable under certain circumstances; to amend the Estate Duty Act, 1955, so as to provide for certain deductions; to amend the Stamp Duties Act, 1968, so as to provide for the insertion of a definition of "instalment credit agreement"; to increase the validating penalty; to provide for a credit in respect of stamp duty paid in terms of certain laws to be repealed; to provide for the deletion of a reference to a definition in the Value-Added Tax Act, 1991; and to provide for an exemption in the case of the original issue of shares in a share block company; to amend the Value-Added Tax Act, 1991, so as to further define certain expressions; to exclude certain activities from "financial services"; to deem certain supplies of goods or services to be made or not made; to make further or other provision in respect of the value of supplies of certain goods or services, the supply of an enterprise as a going concern, the supply of services to non-residents, the supply of services in respect of intellectual property rights, the supply of goods or services necessary for the supply of financial services, the deductions allowable in respect of input tax, the calculation of output tax, the deduction allowable in respect of the redemption of tokens, vouchers or stamps, the input tax denied to a medical scheme, the adjustment in respect of change in use or consumption of goods or services, an adjustment in respect of the reduction in the price of second-hand goods, the adjustment to be made in respect of an enterprise acquired as a going concern but wholly or partially otherwise than for the purposes of making taxable supplies, the cancellation of a vendor's registration, the payment of interest in respect of appeals conceded by the Commissioner for Inland Revenue, additional tax and delayed refunds, tax relief allowable to diplomats, arrangements and directions which may be made or given by the Commissioner for Inland Revenue to overcome difficulties, anomalies or incongruities, amendments to the Act when Parliament is or is not in session; to provide for the conclusion of international tax agreements; to provide for exemptions in respect of certain importations of goods; and to effect certain textual alterations; to amend and extend certain special provisions with regard to unbundling transactions; to provide for a once-off exemption from stamp duty in respect of the issue of shares by Rooibos Tea Natural Products Limited, Chicory SA Limited and SA Mohair Brokers Limited, respectively; to provide for an exemption from stamp duty and transfer duty in respect of certain acquisitions of marketable securities or property consequent upon the rationalisation of a group of companies and for the assessment of companies in any such group for income tax purposes in certain circumstances; to provide for the repeal of certain laws of the former Republics of Transkei, Bophuthatswana, Venda and Ciskei, and for the extension of the application of certain laws in the territories of the said former Republics; and to provide for matters connected therewith.

Table of contents

SECTION TITLE
1. Repeal of section 11 of Act 32 of 1948
2. Amendment of section 5 of Act 40 of 1949...
3. Amendment of section 4 of Act 45 of 1955...
4. Amendment of section I of Act 77 of 1968...
5. Amendment of section 9 of Act 77 of 1968...
6. Amendment of section 22 of Act 77 of 1968...
7. Amendment of Item 13A of Schedule 1 to Act 77 of 1968...
8. Amendment of Item 15 of Schedule 1 to Act 77 of 1968...
9. Amendment of section 1 of Act 89 of 1991...
10. Amendment of section 2 of Act 89 of 1991...
11. Amendment of section 8 of Act 89 of 1991...
12. Amendment of section 10 of Act 89 of 1991...
13. Amendment of section 11 of Act 89 of 1991...
14. Amendment of section 12 of Act 89 of 1991...
15. Amendment of section 13 of Act 89 of 1991...
16. Amendment of section 16 of Act 89 of 1991...
17. Amendment of section 17 of Act 89 of 1991...
18. Amendment of section 18 of Act 89 of 1991...
19. Amendment of section 18A of Act 89 of 1991...
20. Amendment of section 23 of Act 89 of 1991
21. Amendment of section 24 of Act 89 of 1991
22. Amendment of section 36 of Act 89 of 1991...
23. Amendment of section 39 of Act 89 of 1991...
24. Amendment of section 45 of Act 89 of 1991...
25. Amendment of section 54 of Act 89 of 1991...
26. Amendment of section 68 of Act 89 of 1991, as amended by section 39 of Act 136 of 1992
27. Repeal of section 69 of Act 89 of 1991
28. Substitution of section 72 of Act 89 of 1991
29. Substitution of section 75 of Act 89 of 1991
30. Repeal of section 76 of Act 89 of 1991
31. Substitution of section 77 of Act 89 of 1991
32. Amendment of Schedule 1 to Act 89 of 1991...
33. Amendment of Schedule 2 to Act 89 of 1991...
34. Amendment of section 60 of Act 113 of 1993...
35. Repeal of section 27 of Act 88 of 1974
36. Special exemption in respect of shares issued by Rooibos Tea Natural Products Limited
37. Special exemption in respect of shares issued by Chicory SA Limited
38. Special exemption in respect of shares issued by SA Mohair Brokers Limited
39. Exemption from stamp duty or transfer duty relating to transfer of marketable securities or property or of rights or obligations under bonds under scheme for rationalisation of group of companies and assessment of companies in such gro for income tax purposes in certain circumstances
40. Extension of application of certain laws 
41. Repeal of laws, and savings 
42. Short title 
Sch.1. SCHEDULE 1. EXTENSION OF THE APPLICATION OF CERTAIN LAWS (SECTION 40)
Sch.2. SCHEDULE 2 Part 1 LAWS REPEALED (SECTION 41(1))

SCHEDULE 2 Part 2 LAWS REPEALED (SECTION 41(6))

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As unamended Act 1994_020_000_19941125 EXT.LINK REQ.INFO LINK
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As amended by Act 1996_037_000_19960703 N/A REQ.INFO LINK
As amended by Act 1996_046_000_19960930 N/A REQ.INFO LINK
As amended by Act 1997_027_000_19970704 N/A REQ.INFO LINK
As amended by Act 1999_053_000_19991124 N/A REQ.INFO LINK
As amended by Act 2001_060_000_20011212 N/A REQ.INFO LINK

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