Second Revenue Laws Amendment Act 34 of 2004

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34 of 2004

The Second Revenue Laws Amendment Act 34 of 2004 intends:

  • to amend the Transfer Duty Act, 1949, so as:
    • to prescribe further requirements for the estate agent in respect of the declaration to be furnished;
    • to provide for a penalty where the estate agent fails to comply with the reporting requirements;
    • to introduce provisions to deal with offences in respect of the evasion of duty; and
    • to regulate the provisions relating to the publication of names of offenders and reporting of unprofessional conduct;
  • to amend the Income Tax Act, 1962, so as:
    • to further regulate the provision which prescribes the notice to be issued by the Commissioner requiring returns for assessment of tax and the manner of furnishing returns;
    • to make provision that a taxpayer must inform the Commissioner of any change of the taxpayer's address;
    • to make provision for the registration of tax practitioners;
    • to further regulate the duty of certain persons to furnish returns;
    • to provide that it shall be an offence where a taxpayer fails to inform the Commissioner of any change in address or where a tax practitioner fails to register;
    • to make provision for advance tax rulings;
    • to further regulate the provisions relating to additional assessments;
    • to further regulate the provisions relating to objection and appeal; and
    • to make provision that any decision by the Commissioner not to remit certain penalties shall be subject to objection and appeal;
  • to amend the Customs and Excise Act, 1964, so as:
    • to further regulate provisions relating to declarations by persons entering or leaving the Republic;
    • to make provision for the storage of goods free of duty in a customs and excise warehouse;
    • to provide for the payment of salvage from the proceeds of safe of uncleared goods;
    • to further regulate provisions relating to international agreements requiring customs administration;
    • to make provision for certain consequential changes arising from the provisions of the International Trade Administration Act, 2002;
    • to amend obsolete references to "department";
    • to further regulate the limitation on refund and drawback claims;
    • to effect textual amendments to the provisions relating to the institution of legal proceedings;
    • to further regulate the provisions relating to electronic communication;
    • to further regulate the provisions relating to wreck;
  • to amend the Stamp Duties Act, 1968, so as to introduce provisions to deal with offences in respect of duty relating to marketable securities;
  • to amend the Value-Added Tax Act, 1991, so as:
    • to make provision for a change in use adjustments; and
    • to provide for advance tax rulings;
  • to amend the Uncertificated Securities Tax Act, 1998, so as:
    • to provide for advance tax rulings; and
    • to provide for a short title and commencement date; and
  • to provide for matters relating thereto.

Commencement

  • 24 January 2005 and the various dates specified in the Sections 
  • 1 October 2007, Section 12(1) to the extent that it inserts Section 76R (Gazette 30338 of 28 September 2007)
  • 1 October 2006, Section 12(1) to the extent that it introduces Sections 76B-Q and 76S (Gazette 29263 of 29 September 2006) 

Amendments