South African Government

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Revenue Laws Amendment Act 35 of 2007

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35 of 2007

The Revenue Laws Amendment Act 35 of 2007 aims:

  • to amend the Transfer Duty Act, 1949, so as:
    • to further regulate the payment of duty;
    • to further regulate exemptions from duty;
  • to amend the Pension Funds Act, 1956, so as to delete an obsolete word and to further provide for deductions from retirement fund interests;
  • to amend the Income Tax Act, 1962, so as:
    • to amend certain definitions;
    • to insert certain definitions;
    • to provide for further definitions;
    • to further regulate the payment of normal tax;
    • to further regulate certain inclusions in income;
    • to further regulate exemptions;
    • to further regulate deductions;
    • to further regulate assessed losses;
    • to further regulate a withholding tax;
    • to further regulate certain company restructuring transactions;
    • to determine certain rates;
    • to further regulate the determination of capital gains and capital losses;
    • to further regulate the payment of normal tax;
    • to repeal obsolete provisions and
    • to effect textual and consequential amendments;
  • to amend the Customs and Excise Act, 1964, so as;:
    • to amend certain definitions;
    • to substitute obsolete references to provisions in respect of customs union agreements;
    • to insert provisions regarding the collection of air passenger tax by the operator or his or her agent and circumstances in which liability will cease;
    • to amend provisions regarding the value for duty purposes of imported goods;
    • to effect amendments to the provisions regarding the value for excise duty purposes of goods manufactured in the Republic;
    • to effect consequential amendments in respect of the amendment of the definition of "excise duty" and certain contextual amendments to the provisions authorising rebates and refunds of duty in terms of the Schedules to the Act;
    • to delete references to a fine in certain provisions;
  • to amend the Stamp Duties Act, 1968, so as to delete certain obsolete provisions;
  • to amend the Value-Added Tax Act, 1991, so as:
    • to amend certain definitions;
    • to further regulate zero-rated supplies;
    • to further regulate the deduction of input tax;
    • to effect certain textual and consequential amendments;
  • to amend the Uncertificated Securities Tax Act, 1998, so as effect a consequential amendment;
  • to amend the Collective Investment Schemes Control Act, 2002, so as to effect a consequential amendment;
  • to amend the Small Business Tax Amnesty and Amendment of Taxation Laws Act, 2006, so as to delete an obsolete provision;
  • to amend the Revenue Laws Amendment Act, 2006, so as to amend an effective date;
  • to amend the Taxation Laws Amendment Act, 2007, so as:
    • to effect textual amendments and to repeal certain provisions;
    • to provide for the zero rating of certain supplies;
    • to provide for special rules for the assessment of normal tax of certain bodies; and
  • to provide for matters connected therewith.


  • 8 January 2008, unless otherwise indicated
  • 1 April 2012, Sections 90(1) (a) to (c); 91(1)(a); 93(1)(a), (b), (g), (h) and (i); 94(1)(a) to (d) and 95(1)(a) (Gazette 35133 of 19 March 2012)