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Revenue Laws Amendment Act, No. 60 of 2008

Long title


To amend the Transfer Duty Act, 1949, so as to provide for exemptions from duty; amend the Estate Duty Act, 1955, so as to exclude certain proceeds from estate duty; amend the Pension Funds Act, 1956, so as to effect a technical correction; amend the Income Tax Act, 1962, so as to amend and insert certain definitions; to effect technical corrections; to repeal certain provisions; to amend certain provisions; to make new provision for: passive holding companies; deductions in respect of residential units; additional investment and training allowances, venture capital companies, licence fees, intellectual property, environmental conservation and maintenance, micro businesses, dividends tax and education loans; and to lower a rate of tax; amend the Customs and Excise Act, 1964, so as to amend certain provisions; to make new provision for: removal of dutiable imported goods from a customs and excise storage warehouse; losses in respect of certain liquid bulk goods; liability for underpayments of duty; certain exemptions in respect of environmental levy goods; and dutiability of waste and scrap after the destruction of goods; to prohibit refund of a duty; to provide for the continuation of certain amendments to the Schedules; to deem a date on which an international trade agreement came into operation; and to effect consequential and textual amendments; repeal the Stamp Duties Act, 1968; amend the Value-Added Tax Act, 1991, so as to amend certain definitions; to repeal a provision; to amend certain provisions; to raise a limit; and to effect consequential and textual amendments; amend the Income Tax Act, 1993, so as to repeal a provision; amend the Income Tax Act, 1994, so as to repeal a provision; amend the Restitution of Land Rights Act, 1994, so as to amend provisions relating to transfer duty and stamp duty; repeal the Company Tax Amendment Decree, 1994, of the former Republic of Ciskei; repeal the Tax Amnesty Act, 1995; repeal the Final Relief on Tax, Interest, Penalty and Additional Tax Act, 1996; amend the Revenue Laws Amendment Act, 2006, so as to amend provisions relating to the 2010 FIFA World Cup; amend the Taxation Laws Amendment Act, 2007, so as to effect a technical correction; amend the Securities Transfer Tax Act, 2007, so as to amend provisions; amend the Revenue Laws Amendment Act, 2007, so as to amend commencement dates; amend the Taxation Laws Amendment Act, 2008, so as to amend commencement dates and to effect a technical correction, and to provide for matters connected therewith.

Table of contents

SECTION TITLE
1. Amendment of section 9 of Act 40 of 1949...
2. Amendment of section 3 of Act 45 of 1955...
3. Amendment of section 37D of Act 24 of 1956...
4. Amendment of section 1 of Act 58 of 1962...
5. Amendment of section 3 of Act 58 of 1962...
6. Amendment of section 5 of Act 58 of 1962...
7. Amendment of section 6 of Act 58 of 1962...
8. Amendment of section 7 of Act 58 of 1962...
9. Amendment of section 8 of Act 58 of 1962...
10. Amendment of section 8B of Act 58 of 1962...
11. Amendment of section 8C of Act 58 of 1962...
12. Amendment of section 9C of Act 58 of 1962...
13. Amendment of section 9D of Act 58 of 1962...
14. Insertion of section 9E into Act 58 of 1962
15. Amendment of section 9G of Act 58 of 1962...
16. Amendment of section 10 of Act 58 of 1962...
17. Amendment of section 10A of Act 58 of 1962...
18. Amendment of section 11 of Act 58 of 1962...
19. Amendment of section 11D of Act 58 of 1962...
20. Amendment of section 12C of Act 58 of 1962...
21. Amendment of section 12D of Act 58 of 1962...
22. Amendment of section 12DA of Act 58 of 1962...
23. Amendment of section 12E of Act 58 of 1962...
24. Amendment of section 12F of Act 58 of 1962...
25. Amendment of section 12H of Act 58 of 1962...
26. Insertion of section 12I into Act 58 of 1962
27. Insertion of section 12J into Act 58 of 1962
28. Amendment of section 13ter of Act 58 of 1962...
29. Amendment of section 13quat of Act 58 of 1962...
30. Amendment of section 13quin of Act 58 of 1962...
31. Insertion of section 13sex into Act 58 of 1962
32. Insertion of section 13sept into Act 58 of 1962
33. Amendment of section 18 of Act 58 of 1962...
34. Amendment of section 18A of Act 58 of 1962...
35. Amendment of section 20 of Act 58 of 1962...
36. Amendment of section 22 of Act 58 of 1962...
37. Amendment of section 23 of Act 58 of 1962...
38. Substitution of section 23I of Act 58 of 1962...
39. Amendment of section 24B of Act 58 of 1962...
40. Amendment of section 28 of Act 58 of 1962...
41. Amendment of section 30 of Act 58 of 1962...
42. Amendment of section 30A of Act 58 of 1962...
43. Amendment of section 31 of Act 58 of 1962...
44. Amendment of section 36 of Act 58 of 1962...
45. Amendment of section 37B of Act 58 of 1962
46. Insertion of section 37C into Act 58 of 1962
47. Insertion of section 40C into Act 58 of 1962
48. Amendment of section 41 of Act 58 of 1962...
49. Amendment of section 42 of Act 58 of 1962...
50. Amendment of section 44 of Act 58 of 1962...
51. Amendment of section 45 of Act 58 of 1962...
52. Amendment of section 46 of Act 58 of 1962...
53. Amendment of section 47 of Act 58 of 1962...
54. Insertion of Part IV into Chapter II of Act 58 of 1962
55. Amendment of section 64B of Act 58 of 1962...
56. Insertion of Part VIII into Chapter II of Act 58 of 1962
57. Amendment of paragraph 12 of First Schedule to Act 58 of 1962...
58. Amendment of paragraph 1 of Second Schedule to Act 58 of 1962...
59. Amendment of paragraph 2 of Second Schedule to Act 58 of 1962...
60. Amendment of paragraph 2B of Second Schedule to Act 58 of 1962...
61. Amendment of paragraph 2C of Second Schedule to Act 58 of 1962...
62. Amendment of paragraph 3 of Second Schedule to Act 58 of 1962...
63. Amendment of paragraph 4 of Second Schedule to Act 58 of 1962...
64. Amendment of paragraph 6 of Second Schedule to Act 58 of 1962...
65. Repeal of paragraph 7 of Second Schedule to Act 58 of 1962
66. Amendment of paragraph 1 of Fourth Schedule to Act 58 of 1962...
67. Amendment of paragraph 2 of Fourth Schedule to Act 58 of 1962...
68. Amendment of paragraph 9 of Fourth Schedule to Act 58 of 1962...
69. Amendment of paragraph 11 of Fourth Schedule to Act 58 of 1962...
70. Amendment of paragraph 11B of Fourth Schedule to Act 58 of 1962...
71. Insertion of Sixth Schedule into Act 58 of 1962
72. Amendment of paragraph 6 of Seventh Schedule to Act 58 of 1962...
73. Amendment of paragraph 10 of Seventh Schedule to Act 58 of 1962...
74. Amendment of paragraph 11 of Eighth Schedule to Act 58 of 1962...
75. Amendment of paragraph 12 of Eighth Schedule to Act 58 of 1962...
76. Amendment of paragraph 13 of Eighth Schedule to Act 58 of 1962...
77. Amendment of paragraph 20 of Eighth Schedule to Act 58 of 1962...
78. Amendment of paragraph 24 of Eighth Schedule to Act 58 of 1962...
79. Amendment of paragraph 40 of Eighth Schedule to Act 58 of 1962...
80. Insertion of paragraph 57A in Eighth Schedule to Act 58 of 1962
81. Amendment of paragraph 64B of Eighth Schedule to Act 58 of 1962...
82. Amendment of paragraph 67A of Eighth Schedule to Act 58 of 1962...
83. Amendment of paragraph 67AB of Eighth Schedule to Act 58 of 1962...
84. Amendment of paragraph 76 of Eighth Schedule to Act 58 of 1962...
85. Amendment of paragraph 78 of Eighth Schedule to Act 58 of 1962...
86. Amendment of paragraph 80 of Eighth Schedule to Act 58 of 1962...
87. Amendment of paragraph 4 of Part I of Ninth Schedule to Act 58 of 1962...
88. Amendment of paragraph 11 of Part I of Ninth Schedule to Act 58 of 1962...
89. Amendment of paragraph 3 of Part II of Ninth Schedule to Act 58 of 1962...
90. Amendment of paragraph 2 of Tenth Schedule to Act 58 of 1962...
91. Amendment of section 38 of Act 91 of 1964...
92. Amendment of section 43 of Act 91 of 1964...
93. Amendment of section 44 of Act 91 of 1964...
94. Amendment of section 47 of Act 91 of 1964...
95. Insertion of section 54EA in Act 91 of 1964
96. Amendment of section 65 of Act 91 of 1964...
97. Amendment of section 66 of Act 91 of 1964...
98. Amendment of section 67 of Act 91 of 1964...
99. Amendment of section 75 of Act 91 of 1964...
100. Amendment of section 76B of Act 91 of 1964...

101. Continuation of certain amendments of Schedules to Act 91 of 1964
102. Date of implementation of Free Trade Agreement between EFTA States and SACU States in Schedules No. 1 and 10 to Act 91 of 1964
103. Repeal of Act 77 of 1968
104. Amendment of section 1 of Act 89 of 1991...
105. Amendment of section 2 of Act 89 of 1991...
106. Amendment of section 8 of Act 89 of 1991...
107. Amendment of section 10 of Act 89 of 1991...
108. Amendment of section 11 of Act 89 of 1991...
109. Amendment of section 12 of Act 89 of 1991...
110. Amendment of section 13 of Act 89 of 1991...
111. Amendment of section 16 of Act 89 of 1991...
112. Amendment of section 18 of Act 89 of 1991...
113. Amendment of section 23 of Act 89 of 1991...
114. Amendment of section 39 of Act 89 of 1991...
115. Insertion of section 78A in Act 89 of 1991
116. Amendment of section 85 of Act 89 of 1991
117. Repeal of section 60 of Act 113 of 1993
118. Repeal of section 41 of Act 21 of 1994
119. Amendment of section 42 of Act 22 of 1994
120. Amendment of section 42A of Act 22 of 1994...
121. Repeal of Decree 2 of 1994 (of former Republic of Ciskei)
122. Repeal of Act 19 of 1995
123. Repeal of Act 101 of 1996
124. Amendment of Schedule 1 to Act 20 of 2006...
125. Amendment of Appendix I of Act 8 of 2007
126. Amendment of section 5 of Act 25 of 2007
127. Amendment of section 8 of Act 25 of 2007
128. Amendment of section 52 of Act 35 of 2007...
129. Amendment of section 55 of Act 35 of 2007
130. Amendment of section 56 of Act 35 of 2007
131. Amendment of section 59 of Act 35 of 2007
132. Amendment of section 125 of Act 35 of 2007...
133. Amendment of section 8 of Act 3 of 2008
134. Amendment of section 38 of Act 3 of 2008
135. Amendment of Appendix I of Act 3 of 2008
136. Short title and commencement
 
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