To provide for exchange control amnesty with accompanying tax measures in respect of voluntary disclosure by an applicant, advisor or physical facilitator of any contravention of the Exchange Control Regulations or failure to comply with the provisions of the Income Tax Act, 1962, to the extent it relates to foreign assets;  to amend the Transfer Duty Act, 1949, so as to adjust the rates of duty; to fix the rates of normal tax payable by persons other than companies in respect of taxable income for the years of assessment ending on 29 February 2004 and by companies in respect of taxable income for the years of assessment ending during the 12 months ending on 31 March 2004; to amend the Income Tax Act, 1962, so as to amend a definition; to further regulate the provisions relating to secrecy to provide for exchange of information between the Commissioner and the South African Reserve Bank; to increase the primary and secondary rebates; to further regulate the exemption in respect of interest and foreign dividends; to increase the income threshold of small business corporations; to further regulate the provisions relating to trading stock in consequence of the exchange control amnesty and accompanying tax measures; to further regulate the secondary tax on companies where a company ceases to be a resident; to further regulate the provisions relating to capital gains tax in consequence of the exchange control amnesty and accompanying tax measures;  to amend the Customs and Excise Act, 1964, so as to further regulate the provisions relating to secrecy to provide for exchange of information between the Commissioner and the South African Reserve Bank; to increase the rate of the air passenger tax; and to amend Schedule No. 1 to the said Act and the effective date thereof;  to amend the Stamp Duties Act, 1968, so as to delete certain definitions; to abolish stamp duty on certain instruments; and to effect certain consequential amendments; to amend the South African Reserve Bank Act, 1989, so as to further regulate the provisions relating to secrecy to provide for exchange of information between the South African Reserve Bank and the Commissioner;  to amend the Value-Added Tax Act, 1991, so as to increase the threshold of rental income in the definition of “commercial accommodation”;  to further regulate the provisions relating to secrecy to provide for exchange of information between the Commissioner and the South African Reserve Bank;  to amend the Tax on Retirement Funds
Act, 1996, so as to reduce the rate at which the tax on retirement funds is imposed; and to provide for the continuation of amendments to the Schedules to the Customs and Excise Act, 1964;  to provide for a short title andcommencement date of this Act; and to provide for matters connected therewith