Revenue Laws Second Amendment Act 36 of 2007

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36 of 2007

The Revenue Laws Second Amendment Act 36 of 2007 aims:

  • to amend the
    • Transfer Duty Act, 1949, so as:
      • to regulate the furnishing of declarations to the Commissioner;
      • to effect a consequential amendment; and
      • to create an additional offence;
    • Income Tax Act, 1962, so as to make a decision of the Commissioner subject to objection and appeal;
    • Customs and Excise Act, 1964, so as:
      • to insert a definition of person and to provide for procedures applicable to the movement of goods for the purposes of the SACU Agreement;
      • to effect textual amendments to the prohibitions in respect of the direct financial interest of an officer;
      • to amend certain references in the exclusions applicable to the disclosure of information;
      • to amend provisions in respect of the detention of goods;
      • to amend provisions relating to a place outside the Republic which is deemed to be a place of entry for goods consigned to the Republic;
      • to effect a textual amendment to the provisions for industrial development zones;
      • to effect amendments to provisions regulating the disposal of goods on failure to make due entry, goods imported in contravention of any law and seized and abandoned goods, consequential to the introduction of provisions for the administration of counterfeit goods in Chapter XB;
      • to amend requirements in respect of declarations of origin in respect of certain imported goods;
      • to insert definitions relating to non-reciprocal preferential tariff treatment of goods exported;
      • to amend provisions relating to tariff determinations;
      • to amend provisions relating to international agreements;
      • to delete obsolete references to provisions in respect of customs union agreements;
      • to effect certain textual and consequential amendments to provisions relating to appeals and other procedures for which Chapter XA provides;
      • to insert a new Chapter XB providing for powers, duties and procedures in connection with counterfeit goods, and to effect consequential amendments;
      • to amend the section specifying serious offences;
      • to amend provisions relating to the registration of vehicles re-imported to the Republic;
      • to delete a section dealing with counterfeit goods;
      • to effect textual and consequential amendments regarding the making of rules; and
      • to effect certain textual and consequential amendments;
    • Stamp Duties Act, 1968, so as to delete and insert certain definitions;
    • Value-Added Tax Act, 1991, so as:
      • to amend a definition;
      • to further regulate zero-rated supplies;
      • to further regulate the deduction of input tax;
      • to further regulate the payment of tax; and
      • to effect certain textual and consequential amendments;
    • Tax on Retirement Funds Act, 1996, so as to further regulate notices of assessment by the Commissioner;
  • and to provide for matters connected therewith.

Commencement

8 January 2008, unless otherwise indicated

Amendments

Amended by Tax Administration Act 28 of 2011