Revenue Laws Second Amendment Act 61 of 2008

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61 of 2008

The Revenue Laws Second Amendment Act 61 of 2008 aims to:

  • amend the Estate Duty Act, 1955, so as to amend provisions relating to notices of assessment;
  • amend the Income Tax Act, 1962, so as:
    • to amend provisions;
    • to make new provision for the Minister to prescribe a date and for the collection of taxes; and
    • to effect textual and consequential amendments;
  • amend the Customs and Excise Act, 1964, so as to-
    • amend definitions of goods, manufacture and goods under customs control;
    • provide for the stopping of ships by customs patrol boats;
    • insert provisions granting officers powers of arrest;
    • insert provisions regarding the possession of firearms by officers;
    • insert provisions regarding the acquisition of equipment for border control and the operation of patrol boats;
    • insert provisions requiring advance passenger information to be furnished by aircraft operators;
    • amend certain provisions relating to exports by post;
    • further regulate the export of goods by passengers;
    • allow a licensee of a customs and excise warehouse to use a computer system for goods manufactured or stored and the movement of goods to and from such warehouse;
    • insert a power to make rules regarding simplified procedures for any person or category of persons who manufacture certain excisable goods;
    • further regulate the times for entry of imported goods or goods for export;
    • insert provisions relating to simplified clearance and release procedures, such procedures for authorised persons and simplified procedures for the immediate release of goods;
    • further regulate the amendment and substitution of bills of entry;
    • amend the requirements in respect of accredited client status;
    • insert a penal provision;
    • insert special provisions relating to the processing and protection of personal information;
    • effect an amendment to a provision regulating the taking of samples;
    • amend certain powers to make rules; and
    • effect textual and consequential amendments;
  • amend the Value-Added Tax Act, 1991, so as:
    • to make provision for the Minister to prescribe a date;
    • provide for the supply of information when applying for a ruling; and
    • to amend provisions relating to refunds;
  • amend the Revenue Laws Second Amendment Act, 2006, so as to:
    • delete a provision;
    • repeal certain provisions;
    • amend a commencement date; and
    • effect textual and consequential amendments;
  • amend the Securities Transfer Tax Administration Act, 2007, so as to amend provisions relating to payment of taxes;
  • amend the Revenue Laws Amendment Act, 2007, so as to delete a definition, and
  • to provide for matters connected therewith.

Commencement

Amendments