Files
| Attachment | Size |
|---|---|
| 3178114.pdf | 357.1 KB |
60 of 2008
The Revenue Laws Amendment Act 60 of 2008 aims 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 FIFA World Cup;
- amend the Taxation Laws Amendment Act, 2007, so as to effect a technical correction;
- amend the Securities Transfer Tax Act, 2007, so as to amend provisions;
- amend the Revenue Laws Amendment Act, 2007, so as to amend commencement dates;
- amend the Taxation Laws Amendment Act, 2008, so as to amend commencement dates and to effect a technical correction, and
- to provide for matters connected therewith.
Commencement
- 8 January 2009, unless otherwise indicated in the Act or by Proclamation.
- 31 October 2009, Sections 1(1) and 108(1) (a) [insofar as it amends paragraphs (s) and (t) of Section 11(1) of the Value-Added Tax Act 89 of 1991] (Gazette 32664 of 30 October 2009)
- 1 October 2009, Sections 97(1) and 98(1) (a) and (c) (Gazette 32605 of 30 September 2009)
Amendments
Repealed By
