Page 181 - Juta's Indirect Tax

s 270 TAX ADMINISTRATION ACT 28 OF 2011 Schedule 1
(8) . . .
[Sub-s. (8) amended by s. 86 (d) of Act 39 of 2013 (date of commencement deemed to have been 1 October 2012) and deleted by s. 65 (b) of Act 44 of 2014 – date of commencement deemed to have been 1 October 2012.]
271 Amendment of legislation
The Acts listed in Schedule 1 are amended to the extent set out in that Schedule.
272 Short title and commencement
(1) This Act is called the Tax Administration Act, 2011, and comes into operation on a date to be determined by the President by proclamation in the Gazette.
(2) The President may determine different dates for different provisions of this Act to come into operation.
(3) Subparagraphs (g), (h), (i) and (j) of paragraph 60 of Schedule 1 come into operation on the date on which Part VIII of Chapter II of the Income Tax Act, 1962, comes into operation.
(4) Paragraph 78 of Schedule 1 is deemed to have come into operation on 1 January 2011 and applies in respect of premiums incurred on or after that date.
(5) Paragraph 184 of Schedule 1 is deemed to have come into operation on 1 March 2010 and applies in respect of a mineral resource transferred on or after that date.
SCHEDULE 1*
(Section 271)
[Date of commencement of any provision of Schedule 1 that amends or repeals a provision of a tax Act relating to interest under that tax Act, to the extent of that amendment or repeal: to be proclaimed.]
Short title
Transfer Duty Act, 1949
Estate Duty Act, 1955
Income Tax Act, 1962
No. and year Act 40 of 1949
Act 45 of 1955
Act 58 of 1962
Extent of amendment or repeal Amendment of section 4
3. Section 4 of the Transfer Duty Act, 1949, is hereby amended— (a) by the substitution for the heading of the following heading†:
“Penalty on late payment of duty”; (c) by the deletion of subsection (1A)‡. Amendment of section 10
18. Section 10 of the Estate Duty Act, 1955, is hereby amended by the substitution for subsection (1) of the following subsection§:
“(1) If the assessment of duty is delayed beyond a period of twelve months from the date of death, interest at the prescribed rate shall be payable as from a date twelve months after the date of death on the difference (if any) between the duty assessed and any deposit (if any) made on account of the duty payable within the said period of twelve months.”.
Amendment of section 1
23. Section 1 of the Income Tax Act, 1962, is hereby amended—
(f) by the substitution for the de nition of “prescribed rate” of the following de nition¶:
“ ‘prescribed rate’ means the rate contemplated in section 189 (3) of the Tax Administration Act;”;
* For full text of the Schedule, see SAIT Compendium of Tax Legislation 2013. In the 2015 Compendium only provisions that are still to come into operation have been included. See also Interpretation Note 68 (Issue 2) of 7 February 2013 in SAIT Compendium of Tax Legislation 2013 or 2014 (Volume 2)
† Section 4 heading to be substituted by para. 3 (a) of Schedule 1 to Act 28 of 2011 with effect from a date determined by the President by proclamation in the Gazette.
‡ Subsection 4 (1A) to be deleted by para. 3 (c) of Schedule 1 to Act 28 of 2011 with effect from a date determined by the President by proclamation in the Gazette.
§ Subsection 10 (1) to be substituted by para. 18 of Schedule 1 to Act 28 of 2011 with effect from a date determined by the President by proclamation in the Gazette.
¶ Definition of ‘prescribed rate’ to be substituted by para. 23 (f) of Schedule 1 to Act 28 of 2011 with effect from a date determined by the President by proclamation in the Gazette.
Juta’s IndIrect tax 2016 173
TAX ADMINISTRATION ACT