Revenue Laws Amendment Act 87 of 1982

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87 of 1982

The Revenue Laws Amendment Act 87 of 1982 intends:

to amend the Marketable Securities Tax Act, 1948 [repealed in December 2003], so as to provide for further exemptions from marketable securities tax, and to reduce the rate of penalty payable on marketable securities tax not paid within the prescribed period;
to amend the Transfer Duty Act, 1949, so as to increase the rate of penalty payable on amounts of transfer duty not paid within the prescribed period;
to amend the Stamp Duties Act, 1968 [repealed in December 2003], so as
- to provide for further exemptions from the payment of stamp duty, and
- to provide for the payment of stamp duty in respect of certain redemptions of shares;
to amend the Companies Amendment Act, 1982, so as
- to provide that the provisions of sections 174 and 175 of the Companies Act, 1973, shall, notwithstanding their amendment or repeal by the Companies Amendment Act, 1982, continue to apply to the annual duty payable in respect of certain financial years;
- to provide for an exemption from transfer duty and stamp duty in respect of the passing of certain assets, rights, liabilities and obligations to the Small Business Development Corporation, Limited;
to repeal the Cinematograph Films Tax Act, 1960; and
to provide for matters connected therewith.

16 June 1982