- Revenue Laws Amendment Bill [B 80-2008]0.48 MB
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.
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