https://www.polity.org.za
Deepening Democracy through Access to Information
Home / Legislation / Bills / Topics / Finance RSS ← Back
Close

Email this article

separate emails by commas, maximum limit of 4 addresses

Sponsored by

Close

Embed Video

Revenue Laws Amendment Bill [B 80-2008]

SAVE THIS ARTICLE      EMAIL THIS ARTICLE

Font size: -+

  • Revenue Laws Amendment Bill [B 80-2008]
    Download
    0.48 MB
Sponsored by

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 FIFAWorld Cup;
  • amend the Taxation Laws Amendment Act, 2007, so as to effect atechnical correction;
  • amend the Securities Transfer Tax Act, 2007, so as to amend provisions;
  • amend the Revenue Laws Amendment Act, 2007, so as to amendcommencement dates;
  • amend the Taxation Laws Amendment Act, 2008, so as to amendcommencement dates and to effect a technical correction, and to provide for matters connected therewith.
Advertisement

EMAIL THIS ARTICLE      SAVE THIS ARTICLE      FEEDBACK

To subscribe email subscriptions@creamermedia.co.za or click here
To advertise email advertising@creamermedia.co.za or click here


About

Polity.org.za is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Mining Weekly
Research Channel Africa

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on Polity.org.za is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options