DOWNLOAD Revenue Laws Second Amendment Act (No. 61 of 2008) - 515 KB

To—

• amend the Estate Duty Act, 1955, so as to amend provisions relating tonotices of assessment;

• amend the Income Tax Act, 1962, so as to amend provisions; to make new provision for the Minister to prescribe a date and for the collection of taxes; and to effect textual and consequential amendments;

• amend the Customs and Excise Act, 1964, so as to—

• amend definitions of goods, manufacture and goods under customs control;

• provide for the stopping of ships by customs patrol boats;

• insert provisions granting officers powers of arrest;

• insert provisions regarding the possession of firearms by officers;

• insert provisions regarding the acquisition of equipment for border control and the operation of patrol boats;

• insert provisions requiring advance passenger information to befurnished by aircraft operators;

• amend certain provisions relating to exports by post;

• further regulate the export of goods by passengers;

• allow a licensee of a customs and excise warehouse to use a computer system for goods manufactured or stored and the movement of goodsto and from such warehouse;

• insert a power to make rules regarding simplified procedures for any person or category of persons who manufacture certain excisable goods;

• further regulate the times for entry of imported goods or goods for export;

• insert provisions relating to simplified clearance and release procedures, such procedures for authorised persons and simplified procedures for the immediate release of goods;

• further regulate the amendment and substitution of bills of entry;

• amend the requirements in respect of accredited client status;

• insert a penal provision;

• insert special provisions relating to the processing and protection of personal information;

• effect an amendment to a provision regulating the taking of samples;

• amend certain powers to make rules; and

• effect textual and consequential amendments;

• amend the Value-Added Tax Act, 1991, so as to make provision for the Minister to prescribe a date; provide for the supply of information when applying for a ruling; and to amend provisions relating to refunds;

• amend the Revenue Laws Second Amendment Act, 2006, so as to delete a provision; repeal certain provisions; amend a commencement date; andeffect textual and consequential amendments;

• amend the Securities Transfer Tax Administration Act, 2007, so as to amend provisions relating to payment of taxes;

• amend the Revenue Laws Amendment Act, 2007, so as to delete a definition, and to provide for matters connected therewith.