Files
| Attachment | Size |
|---|---|
| act-72-1970.pdf | 905.65 KB |
72 of 1970
The Revenue Laws Amendment Act 72 of 1970 intends:
- to amend the provisions of the Transfer Duty Act, 1949, relating to the method of calculating the penalty or interest on late payments or transfer duty, and to delete the requirement that a dispute as to the amount of transfer duty payable shall be referred to the Secretary for Inland Revenue;
- to amend the Cinematograph Films Tax Act. 1960 [repealed in 1982], so as to enable the Secretary for Inland Revenue to prescribe a form of declaration otherwise than by notice In the Gazette;
- to amend the Stamp Duties Act, 1968 [repealed in 2009], so as to include the Rand Water Board In the provisions as to general exemptions to pay duty on instruments, to provide that a person who In certain manner makes use of an instrument which has not been duly stamped, shall be liable for any unpaid duty and any unpaid penalty in respect or the instrument, and to provide for the production to an authorized officer of any instrument In the possession, enstody or keeping of any person;
- to amend the provisions of Schedule 1 to that Act relating to hire-purchase agreements and the stamp duty payable in respect or the registration or transfer or any marketable security and the cancellation of certain company shares;
- to amend section 29 of the Revenue Laws Amendment Act. 1969, so as to provide that transfer duty In respect or the acquisition or property sold before the first day of October, 1969, onder the land settlement laws of the territory of South-West Africa, shall be chargeable onder the Transfer Duty Ordinance, 1951, of the said territory, and not under the Transfer Duty Act, 1949; and
- to provide for Incidental matters.
Commencement
9 October 1970
