Page 1159 - SAIT Compendium 2016 Volume2

EXPLANATORY MEMORANDUM ON THE TAXATION LAWS AMENDMENT BILL, 2015
CLAUSE 154
Taxation Laws Amendment Act 43 of 2014: Amendment to section 65
Amendment amends the provision of section 50E is deemed to have come into operation on 1 March 2015 and applies
in respect of interest that is paid or that becomes due and payable on or after that date.
CLAUSE 155
Taxation Laws Amendment Act 43, 2014: Amendment to section 119 Removal of 2014 amendments on 2013 changes to retirement reform.
CLAUSE 156
Taxation Laws Amendment Act 43, 2014: Amendment to section 120 Removal of 2014 amendments on 2013 changes to retirement reform.
CLAUSE 157
Taxation Laws Amendment Act 43, 2014: Amendment to section 121
The amendment extends the effective date of the changes to the requirements for provident funds to purchase an
annuity from 1 March 2015 to 1 March 2018.
CLAUSE 158
Taxation Laws Amendment Act 43, 2014: Amendment to section 127
The amendment extends the effective date of the changes to the requirements for provident funds to purchase an
annuity from 1 March 2015 to 1 March 2018.
CLAUSE 159
Taxation Laws Amendment Act 43, 2014: Amendment to section 128
The amendment extends the effective date of the changes to the requirements for provident funds to purchase an
annuity from 1 March 2015 to 1 March 2018.
CLAUSE 160
Taxation Laws Amendment Act 43, 2014: Amendment to section 132
The purpose of this amendment it is to align the effective date of section 13(2B) of the Value Added Tax Act with the
corresponding provision in the Custom Duty Act and the Excise Duty Act.
CLAUSE 161
Short title of the Act
SAIT CompendIum oF TAx LegISLATIon VoLume 2 1151