Second Small Business Tax Amnesty and Amendment of Taxation Laws Act 10 of 2006

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10 of 2006

The Second Small Business Tax Amnesty and Amendment of Taxation Laws Act 10 of 2006 intends:

  • to provide for a Small Business Tax Amnesty in respect of the voluntary disclosure by an applicant of any failure to comply with certain Acts administered by the Commissioner;
  • to amend the Income Tax Act, 1962, so as to further regulate the National Treasury's access to certain information;
  • to amend the Customs and Excise Act, 1964, so as:
    • to further provide for matters relating to powers of officers;
    • to effect a consequential amendment;
  • to amend the Stamp Duties Act, 1968, to effect certain consequential amendments in respect of the phasing out of adhesive revenue stamps and impressed stamps;
  • to amend the Value-Added Tax Act, 1991, so as:
    • to provide for National Treasury to have access to certain information; and
    • to effect certain textual and consequential amendments and  to delete certain obsolete provisions; and
  • to provide for matters connected therewith.

Commencement

25 July 2006, unless otherwise indicated

Amendments