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Returns submission TAX ADMINISTRATION ACT: REGULATIONS AND NOTICES Returns submission
(b) any bearer option issued after the date of publication of this Proclamation in the Gazette.
(4) The owner of any bearer security may with the permission of the Treasury and in accordance with such conditions
as the Treasury may impose, convert such security into a registered security.
(5) Application for permission to convert any bearer security into any registered security shall be accompanied by a sworn
declaration in such form as the Treasury may prescribe, duly completed by the owner of the security or his authorised agent. (6) (a) The Treasury or a person authorised by the Treasury may grant exemptions from the provisions of
subregulations (1), (2) and (3).
(b) The provisions of sub‐regulation (5) shall apply mutatis mutandis in respect of applications for exemption under
paragraph (a) of this sub‐regulation relating to bearer securities or to dividend or interest coupons issued in respect
of such bearer securities.
(7) The provisions of this regulation shall apply in respect of all bearer securities and bearer options irrespective of
whether such securities or options were or are issued inside or outside the Republic.
(8) For the purposes of this regulation ‘option’ means the right to subscribe for or take up the whole or any part of an
issue of capital.’
Companies Act No. 61 of 1973 ‘101. Share warrants to bearer. -
(1) A public company having a share capital, if so authorized by its articles, may, with respect to any paid-up shares, or to stock, issue a warrant (in this Act termed a share warrant) stating that the bearer of the warrant is entitled to the shares or stock therein speci ed, and may provide, by coupons or otherwise, for the payment of the future dividends on the shares or stock included in the warrant.
(2) A share warrant shall entitle the bearer thereof to the shares or stock therein speci ed, and such shares or stock may be transferred by the delivery of the share warrant.’
NOTICE TO FURNISH RETURNS FOR THE 2014 YEAR OF ASSESSMENT
Promulgated in
GN 506 in GG 37767 of 25 June 2014
1. Notice is hereby given in terms of section 66 (1) of the Income Tax Act, 1962 (Act No. 58 of 1962) (“the Act”) read
together with section 25 of the Tax Administration Act, 2011 (Act 28 of 2011), that every person who is personally or in a representative capacity liable to taxation under the Income Tax Act, 1962, (Act 58 of 1962) (‘the Act’) or who is required in terms of paragraph 2 to furnish a return, must furnish a return in respect of the 2014 year of assessment within the period prescribed in paragraph 4 below.
2. The following persons must furnish an income tax return:
(a) (b)
(c) (d)
every company, trust or other juristic person, which is a resident; every company, trust or other juristic person, which is not a resident—
(i) which carried on a trade through a permanent establishment in the Republic; or (ii) which derived any capital gain from a source in the Republic; or
(iii) which derived service income from a source in the Republic;
every company incorporated, established or formed in the Republic, but which is not a resident as a result of the application of any agreement entered into with the Government of any other country for the avoidance of double taxation;
every natural person—
(i) who carried on any trade in the Republic (other than solely in his or her capacity as an employee);
(ii) to whom an allowance or advance was paid or granted as described in section 8(1)(a) of the Act (other than an amount reimbursed or advanced as described in section 8(1)(a)(ii)) and whose gross income
exceeded the thresholds set out in item (viii);
(iii) who had capital gains or capital losses exceeding R30 000;
(iv) who is a resident and held any funds in foreign currency or owned any assets outside the Republic, if the
total value of those funds and assets exceeded R100 000 at any stage during the 2014 year of assessment; (v) who is a resident and to whom any income or capital gains from funds in foreign currency or assets
outside the Republic could be attributed in terms of the Act;
(vi) who is a resident and held any participation rights, as referred to in section 72A of the Act, in a controlled
foreign company;
(vii) to whom an income tax return is issued or who is requested by the Commissioner in writing to furnish a
return, irrespective of the amount of income of that person;
(viii) who, subject to the provisions of paragraph 3, at the end of the year of assessment—
(aa) was under the age of 65 and whose gross income exceeded R67 111;
(bb) was 65 years or older (but under the age of 75) and whose gross income exceeded R104 611; or (cc) was 75 years or older and whose gross income exceeded R117 111;
(e) every non-resident whose gross income consisted of interest from a source in the Republic to which the provisions of section 10(1)(h) of the Act, do not apply; and
(f) every representative taxpayer of any person referred to in subparagraphs (a) to (e) above.
3. A natural person is not required to furnish a return for the 2014 year of assessment in terms of paragraph 2(d) (viii) if the gross income of that person consisted solely of gross income described in one or more of the following
subparagraphs:
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