Page 13 - SAIT Compendium 2016 Volume1

INCOME TAX ACT 58 OF 1962
6 Normal tax rebates
[S. 6 repealed by s. 7 of Act 88 of 1971 and inserted by s. 5 of Act 104 of 1980.]
6A Medical scheme fees tax credit
[S. 6A inserted by s. 10 (1) of Act 24 of 2011.]
6B Additional medical expenses tax credit
6bis .. . 6ter .. .
[S. 6B inserted by s. 7 (1) of Act 22 of 2012.]
[S. 6bis inserted by s. 7 of Act 88 of 1965 and repealed by s. 4 of Act 28 of 1997.]
[S. 6ter inserted by s. 8 (1) of Act 95 of 1967 and repealed by s. 6 of Act 129 of 1991.] 6quat Rebate or deduction in respect of foreign taxes on income
[S. 6quat inserted by s. 9 of Act 89 of 1969, repealed by s. 5 of Act 94 of 1983 and inserted by s. 5 of Act 85 of 1987.] 6quin Rebate in respect of foreign taxes on income from source within Republic
[S. 6quin inserted by s. 6 (1) of Act 104 of 1979, repealed by s. 6 of Act 94 of 1983 and inserted by s. 12 (1) of Act 24 of 2011.]
6sex .. .
[S. 6sex inserted by s. 14 (1) of Act 24 of 2011 and repealed by s. 5 (1) of Act 22 of 2012.] 7 When income is deemed to have accrued or to have been received
7A Date of receipt or accrual of antedated salaries or pensions and of certain retirement gratuities
[S. 7A inserted by s. 6 of Act 69 of 1975.]
7B Timing of accrual and incurral of variable remuneration
[S. 7B inserted by s. 8 (1) of Act 22 of 2012.]
8 Certain amounts to be included in income or taxable income
8A Gains made by directors of companies or by employees in respect of rights to acquire marketable securities
[S. 8A inserted by s. 11 of Act 89 of 1969.]
8B Taxation of amounts derived from broad-based employee share plan
[S. 8B inserted by s. 6 (1) of Act 104 of 1980, repealed by s. 6 (1) of Act 101 of 1990 and inserted by s. 8 (1) of Act 32 of 2004.]
8C Taxation of directors and employees on vesting of equity instruments
[S. 8C inserted by s. 7 (1) of Act 96 of 1981, repealed by s. 7 of Act 101 of 1990 and inserted by s. 8 (1) of Act 32 of 2004.]
8D .. .
8E Dividends on certain shares deemed to be income in relation to recipients thereof
[S. 8D inserted by s. 7 (1) of Act 96 of 1981 and repealed by s. 8 (1) of Act 101 of 1990.] [S. 8E inserted by s. 6 of Act 70 of 1989 and substituted by s. 11 (1) of Act 22 of 2012.]
8EA Dividends on third-party backed shares deemed to be income in relation to recipients thereof
[S. 8EA inserted by s. 21 (1) of Act 24 of 2011 and substituted by s. 12 (1) of Act 22 of 2012.]
8F Interest on hybrid debt instruments deemed to be dividends in specie
[S. 8F inserted by s. 10 (1) of Act 32 of 2004 and substituted by s. 12 (1) of Act 31 of 2013.]
8FA Hybrid interest deemed to be dividends in specie
[S. 8FA inserted by s. 14 (1) of Act 31 of 2013.]
9 Source of income
9A Blocked foreign funds
[S. 9 substituted by s. 22 (1) of Act 24 of 2011.]
[S. 9A inserted by s. 8 of Act 85 of 1987, repealed by s. 8 of Act 59 of 2000, inserted by s. 13 of Act 74 of 2002 and substituted by s. 12 (1) of Act 35 of 2007.]
9B . . .
[S. 9B inserted by s. 9 of Act 101 of 1990 and repealed by s. 17 (1) of Act 31 of 2013.]
9C Circumstances in which certain amounts received or accrued from disposal of shares are deemed to be of a capital nature
[S. 9C inserted by s. 9 (1) of Act 28 of 1997, repealed by s. 9 of Act 59 of 2000 and inserted by s. 14 (1) of Act 35 of 2007.]
9D Net income of controlled foreign companies
[S. 9D inserted by s. 9 (1) of Act 28 of 1997 and substituted by s. 14 (1) of Act 74 of 2002.]
9E . . .
[S. 9E inserted by s. 20 (1) of Act 30 of 2000, substituted by s. 15 (1) of Act 74 of 2002, repealed by s. 23 (1) of Act 45 of 2003, inserted by s. 14 (1) of Act 60 of 2008 and repealed by s. 15 (1) of Act 22 of 2012.]
9F . . .
9G . . .
[S. 9F inserted by s. 12 of Act 59 of 2000 and repealed by s. 24 (1) of Act 45 of 2003.]
[S. 9G inserted by s. 25 (1) of Act 60 of 2001 and repealed by s. 20 of Act 31 of 2013.] [S. 9H inserted by s. 26 (1) of Act 24 of 2011 and substituted by s. 17 (1) of Act 22 of 2012.]
9HA Disposal by a deceased person
[S. 9HA inserted by s. 15 (1) of Taxation Laws Amendment Act, 2015.]
9H Change of residence, ceasing to be controlled foreign company or becoming headquarter company
9I Headquarter companies
10 Exemptions
SAIT CompendIum oF TAx LegISLATIon VoLume 1 5
[S. 9I inserted by s. 27 (1) of 24 of 2011.]
INCOME TAX ACT