Files
| Attachment | Size |
|---|---|
| a1361992.pdf | 1.63 MB |
136 of 1992
The Taxation Laws Amendment Act 136 of 1992 intends:
- to amend the Marketable Securities Tax Act, 1948 [repealed in 2003], so as to proride for an exemption;
- to amend the Transfer Duty Ad, 1949, so as
- to vary the rates of transfer duty;
- to provide for a reduction of the value of property on which transfer duty is payable where the property is acquired in terms of Item 8 of Schedule I to the Share Blocks Control Act, 1980; and
- to withdraw an exemption and to provide for certain exemptions;
- to amend the Stamp Duties Act, 1968, so as to provide for certain exemptions and to increase the duty on debit entries;
- to amend the Self-governing Territories Constitution Act, 1971 [repealed in 1994], so as to make provision for payments into the Revenue Fund of an area in respect of sales tax and value-added tax;
- to amend the Regional Services Councils Act, 1985, so as to provide further for the manner of payment under that Act of regional services and regional establishment levies;
- to amend the KwaZulu and Natal Joint Services Act, 1990, so as to provide further for the manner of payment under that Act of regional services and regional establishment levies;
- to amend the Value-Added Tax Ad, 1991, so as
- to further define certain expressions; to exclude certain activities from "financial services'";
- to fix a tax rate;
- to deem certain supplies of goods to be made or not made;
- to provide for exemptions in respect of certain supplies;
- to apply a zero rate of tax in respect of certain supplies;
- to make further provision in respect of returnable containers, the supply of shares in a share block company, the supply of services by an insurer, the value of supplies of certain goods or services, the basis of accounting for tax, the information required in tax invoices, credit notes and debit notes, the importation of goods, the calculation of the deduction in respect of input tax, the adjustments to be made in respect of goods or services applied otherwise than for the purposes of making taxable supplies, the recovery of tax written off by a vendor as irrecoverable, the tax periods applicable to vendors, the payment of tax by electronic transfer, the recovery of tax, interest and penalty, the payment of interest on delayed refunds, the duties of agents, the prices charged by vendors, the prevention of or relief from double taxation by international agreement and transitional matters;
- so as to provide for exemptions in respect of certain importations of goods; and to effect certain textual alterations; and
- to provide for matters connected therewith.
