Files
| Attachment | Size |
|---|---|
| act-108-1986.pdf | 699.77 KB |
108 of 1986
The Taxation Laws Amendment Act 108 of 1986 intends:
- to amend the Income Tax Act, 1962, so as
- to provide for the taxation or exemption from taxation of certain income derived from building societies and mutual building societies;
- to make further provision relating to a LIFO reserve where a commercial or industrial undertaking has been acquired by one company from another;
- to provide that a debtors allowance granted in any year of assessment shall be included in income in the following year of assessment; and
- to further provide for the determination of the cash equivalent of the value of the taxable benefit derived from the private use of a motor vehicle;
- to amend the Stamp Duties Act, 1968, so as to effect certain textual alterations;
- to amend the Sales Tax Act, 1978 [repealed in September 1991], so as
- to provide for the display of a notice where certain exemptions apply;
- to further provide for an adjustment in respect of cancelled financial leases or defects in leased property let under financial leases;
- to provide for the payment of sales tax where any registration certificate has been cancelled in certain circumstances; and
- to provide that there shall be a tax period ending on the date on which a registration certificate is cancelled in certain circumstances; and
- to provide for matters connected therewith.
Commencement
19 September 1986
