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Taxation Laws Amendment Act, No. 3 of 2008

Long title


To amend the Income Tax Act, 1962, so as to fix the rates of normal tax; to amend and insert certain definitions; to delete certain obsolete definitions; to delete certain obsolete provisions; to delete certain obsolete references; to effect textual and consequential amendments; to exclude certain amounts from the net income of a controlled foreign company; to add, amend and remove certain exemptions; to add, amend and remove certain deductions; to amend provisions relating to: the deemed receipt or accrual of income, certain limitations in respect of deductions, special corporate rules, the determination of the net amount of a dividend, the treatment of certain tax claims and refunds, the determination of S.I.T.E., public benefit activities and the taxation of fringe benefits, persons commencing or ceasing to be residents, capital distributions and oil and gas companies; Customs and Excise Act, 1964, so as to amend rates of duty in Schedule No. 1; Value-Added Tax Act, 1991, so as to amend thresholds; Collective Investment Schemes Control Act, 2002, so as to effect a textual correction; Revenue Laws Amendment Act, 2006, so as to amend provisions with regard to the 2010 FIFA World Cup; Diamond Export Levy Act, 2007, so as to effect textual corrections; Securities Transfer Tax Act, 2007, so as to substitute a word; and Revenue Laws Amendment Act, 2007, so as to amend effective dates; to amend provisions relating to the amalgamation of sporting bodies; to effect textual amendments; and to provide for matters connected therewith.

Table of contents

SECTION TITLE
1. Fixing of rates of normal tax and amendment of certain amounts for purposes of Act 58 of 1962
2. Amendment of section 1 of Act 58 of 1962...
3. Amendment of section 5 of Act 58 of 1962...
4. Amendment of section 7 of Act 58 of 1962...
5. Amendment of section 8 of Act 58 of 1962...
6. Amendment of section 9A of Act 58 of 1962...
7. Amendment of section 9C of Act 58 of 1962...
8. Amendment of section 9D of Act 58 of 1962...
9. Amendment of section 10 of Act 58 of 1962...
10. Amendment of section 11 of Act 58 of 1962...
11. Amendment of section 11D of Act 58 of 1962...
12. Amendment of section 12D of Act 58 of 1962
13. Amendment of section 12E of Act 58 of 1962...
14. Amendment of section 14 of Act 58 of 1962...
15. Amendment of section 20 of Act 58 of 1962...
16. Amendment of section 22 of Act 58 of 1962...
17. Amendment of section 23A of Act 58 of 1962...
18. Amendment of section 23D of Act 58 of 1962...
19. Amendment of section 23H of Act 58 of 1962...
20. Amendment of section 24I of Act 58 of 1962...
21. Amendment of section 29A of Act 58 of 1962...
22. Amendment of section 30 of Act 58 of 1962...
23. Amendment of section 36 of Act 58 of 1962...
24. Amendment of section 38 of Act 58 of 1962...
25. Amendment of section 41 of Act 58 of 1962...
26. Amendment of section 42 of Act 58 of 1962...
27. Amendment of section 44 of Act 58 of 1962...
28. Amendment of section 45 of Act 58 of 1962...
29. Amendment of section 46 of Act 58 of 1962...
30. Insertion of section 46A in Act 58 of 1962
31. Amendment of section 47 of Act 58 of 1962...
32. Amendment of section 64B of Act 58 of 1962...
33. Amendment of section 64C of Act 58 of 1962...
34. Amendment of section 102A of Act 58 of 1962...
35. Amendment of Second Schedule to Act 58 of 1962
36. Amendment of paragraph 1 of Second Schedule to Act 58 of 1962...
37. Amendment of paragraph 2 of Second Schedule to Act 58 of 1962...
38. Amendment of paragraph 2B of Second Schedule to Act 58 of 1962...
39. Amendment of paragraph 2C of Second Schedule to Act 58 of 1962...
40. Amendment of paragraph 3 of Second Schedule to Act 58 of 1962...
41. Amendment of paragraph 4 of Second Schedule to Act 58 of 1962...
42. Amendment of paragraph 6 of Second Schedule to Act 58 of 1962...
43. Amendment of paragraph 1 of Fourth Schedule to Act 58 of 1962...
44. Amendment of paragraph 11B of Fourth Schedule to Act 58 of 1962...
45. Amendment of paragraph 16 of Fourth Schedule to Act 58 of 1962...
46. Amendment of paragraph 19 of Fourth Schedule to Act 58 of 1962...
47. Amendment of paragraph 1 of Seventh Schedule to Act 58 of 1962...
48. Amendment of paragraph 9 of Seventh Schedule to Act 58 of 1962...
49. Amendment of paragraph 1 of Eighth Schedule to Act 58 of 1962...
50. Amendment of paragraph 12 of Eighth Schedule to Act 58 of 1962...
51. Amendment of paragraph 13 of Eighth Schedule to Act 58 of 1962...
52. Amendment of paragraph 20 of Eighth Schedule to Act 58 of 1962...
53. Amendment of paragraph 24 of Eighth Schedule to Act 58 of 1962...
54. Amendment of paragraph 40 of Eighth Schedule to Act 58 of 1962...
55. Amendment of paragraph 42 of Eighth Schedule to Act 58 of 1962...
56. Amendment of paragraph 54 of Eighth Schedule to Act 58 of 1962
57. Amendment of paragraph 55 of Eighth Schedule to Act 58 of 1962...
58. Amendment of paragraph 64B of the Eighth Schedule to Act 58 of 1962...
59. Amendment of paragraph 74 of Eighth Schedule to Act 58 of 1962...
60. Amendment of paragraph 76 of Eighth Schedule to Act 58 of 1962...
61. Amendment of paragraph 76A of Eighth Schedule to Act 58 of 1962...
62. Amendment of paragraph 80 of Eighth Schedule to Act 58 of 1962...
63. Amendment of paragraph 4 of Part I of Ninth Schedule to Act 58 of 1962...
64. Amendment of paragraph 3 of Part II of Ninth Schedule to Act 58 of 1962...
65. Amendment of paragraph 1 of Tenth Schedule to Act 58 of 1962...
66. Amendment of Schedule No. 1 to Act 91 of 1964...
67. Continuation of certain amendments of Schedules Nos. 1 to 6 and 10 to Act 91 of 1964
68. Amendment of section 1 of Act 89 of 1991...
69. Amendment of section 99 of Act 45 of 2002...
70. Amendment of Schedule 1 to Act 20 of 2006
71. Amendment of section 11 of Act 15 of 2007
72. Substitution of section 14 of Act 15 of 2007
73. Amendment of section 8 of Act 25 of 2007
74. Amendment of section 52 of Act 35 of 2007
75. Amendment of section 54 of Act 35 of 2007
76. Substitution of section 125 of Act 35 of 2007
77. Short title and commencement
App.I APPENDIX I. (SECTION 1) [sic - no title] [s1]

Part 1. Rates of normal tax and rebates

Part II. Income tax monetary thresholds subject to periodic legislative change
App.II AMENDMENT OF SCHEDULE NO. 1 TO THE CUSTOMS AND EXCISE ACT, 1964 (SECTION 66) [s66]
App.III VALUE-ADDED TAX MONETARY THRESHOLDS SUBJECT TO PERIODIC LEGISLATIVE CHANGE (SECTION 1) [s1]
 
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