Page 185 - Juta's Indirect Tax

Schedule 1
No. and year Act 9 of 1999
Act 4 of 2002
Act 14 of 2007
Act 26 of 2007
tax adMInIstratIOn act 28 OF 2011 Schedule 1 Extent of amendment or repeal
Amendment of section 11
152. Section 11 of the Skills Development Levies Act, 1999, is hereby
amended*—
(a) by the substitution for subsection (1) of the following subsection:
“(1) If an employer fails to pay a levy or any portion thereof on the last day for payment thereof, as contemplated in section 6 (2) or 7 (4), interest is payable on the outstanding amount in accordance with the provisions of Chapter 12 of the Tax Administration Act.”; and
(b) by the deletion of subsection (2). Repeal of section 12
162. Section 12 of the Unemployment Insurance Contributions Act, 2002, is hereby repealed†.
Repeal of sections 10 to 15
169. Sections ..... 15 of the Diamond Export Levy (Administration) Act,
2007, are hereby repealed‡.
Repeal of sections 5, 6 and 7
175. Sections 5..... of the Securities Transfer Tax Administration Act,
2007, are hereby repealed.§
Amendment of section 8
176. The Securities Transfer Tax Administration Act, 2007, is hereby
amended by the substitution for section 8 of the following section¶:
“8 Interest on overdue payments and penalty on default recoverable from person to whom security is transferred
(1) In the case of a listed security, a member or participant may recover the amount of interest or penalty payable by that member or participant under the Tax Administration Act from the person—
(a) to whom a listed security is transferred; or
(b) who cancels or redeems a listed security,
to the extent that the action or inaction of that person resulted in the interest or penalty.
(2) In the case of an unlisted security, the company which issued that security may recover the amount of interest or penalty payable by that company under the Tax Administration Act from the person to whom that security was transferred, to the extent that the action or inaction of that person resulted in the interest or penalty.”.
Short title
Skills Development Levies Act, 1999
Unemployment Insurance Contributions Act, 2002
Diamond Export Levy (Administra- tion) Act, 2007
Securities Transfer Tax Administration Act, 2007
* Subsection 11 (1) to be substituted and sub-s. 11 (2) to be deleted by para. 152 (a) and (b) respectively, of Schedule 1 to Act 28 of 2011 with effect from a date determined by the President by proclamation in the Gazette.
† Section 12 to be repealed by para. 162 of Schedule 1 to Act 28 of 2011 with effect from a date determined by the President by proclamation in the Gazette.
‡ Section 15 to be substituted by para. 169 of Schedule 1 to Act 28 of 2011 with effect from a date determined by the President by proclamation in the Gazette.
§ Section 5 to be repealed by para. 175 of Schedule 1 to Act 28 of 2011 with effect from a date determined by the President by proclamation in the Gazette.
¶ Section 8 substituted by para. 176 of Schedule 1 to Act 28 of 2011 and commenced on 1 October 2012 except to the extent related to interest in respect of which the wording prior to the amendment applies: Proclamation 51 in GG 35687.
Juta’s IndIrect tax 2016 177
TAX ADMINISTRATION ACT