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Rates and Monetary Amounts and Amendment of Revenue Laws Act, No. 13 of 2016
NOTE: Assented to and published in English, with alternative copy in Afrikaans
NOTE: Assented to and published in English, with alternative copy in Afrikaans
Long title
To fix the rates of normal tax; to amend the Transfer Duty Act, 1949, so as to amend the rates of transfer duty and monetary thresholds; to amend the Income Tax Act, 1962, so as to amend rates of tax and monetary amounts; to amend the Customs and Excise Act, 1964, so as to amend rates of duty in Schedule 1 to that Act; so as to substitute certain notes; to insert a new note; to insert a new section; to provide for additional relief under the voluntary disclosure programme; and to provide for matters connected therewith.
Table of contents
| SECTION | TITLE |
| ARRANGEMENT OF SECTIONS | |
| 1. | Interpretation |
| PART I. FIXING OF RATES AND MONETARY AMOUNTS AND AMENDMENT OF REVENUE LAWS | |
| 2. | Amendment of section 2 of Act 40 of 1949 |
| 3. | Fixing of rates of normal tax |
| 4. | Amendment of section 5 of Act 58 of 1962 |
| 5. | Amendment of section 6 of Act 58 of 1962 |
| 6. | Amendment of section 6A of Act 58 of 1962 |
| 7. | Amendment of section 9D of Act 58 of 1962 |
| 8. | Amendment of section 29A of Act 58 of 1962 |
| 9. | Amendment of section 29B of Act 58 of 1962 |
| 10. | Amendment of paragraph 9 of Seventh Schedule to Act 58 of 1962 |
| 11. | Amendment of paragraph 5 of Eighth Schedule to Act 58 of 1962 |
| 12. | Amendment of paragraph 10 of Eighth Schedule to Act 58 of 1962 |
| 13. | Amendment of Schedule 1 to Act 91 of 1964 |
| PART II. ADDITIONAL VOLUNTARY DISCLOSURE RELIEF | |
| 14. | Interpretation |
| 15. | Additional relief under voluntary disclosure programme |
| 16. | Certain amounts to be included in taxable income of person qualifying for additional relief under voluntary disclosure programme |
| 17. | Rebasing of value asset and loss limitation for capital gains purposes |
| 18. | Election in respect of trusts |
| PART III. MISCELLANEOUS | |
| 19. | Short title |
| Sch. 1 | SCHEDULE I. RATES OF NORMAL TAX (s1 and s3) |
| Sch. | SCHEDULE II. AMENDMENT OF PART 1 OF SCHEDULE NO. 1 TO CUSTOMS AND EXCISE ACT, 1964 (s1 and s13) |
Part I. |
|
Part II. Substitution of Part 2A of Schedule No. 1 to Customs and Excise Act, 1964 | |
Part III. Amendment of Part 3 of Schedule No. 1 to Customs and Excise Act, 1964 |
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