Page 421 - SAIT Compendium 2016 Volume1

Ninth Schedule INCOME TAX ACT 58 OF 1962 Ninth Schedule
(i) is or will fall under a uni ed or coordinated system of management without compromising national sovereignty; and
(ii) has been established with the explicit purpose of supporting the conservation of biological diversity, job creation, free movement of animals and tourists across the international boundaries within the peace park, and the building
of peace and understanding between the nations concerned.
8 Research and consumer rights
(a) Research including agricultural, economic, educational, industrial, medical, political, social, scienti c and technological research.
(b) The protection and promotion of consumer rights and the improvement of control and quality with regard to products or services.
9 Sport
The administration, development, co-ordination or promotion of sport or recreation in which the participants take part on a non-professional basis as a pastime.
10 Providing of funds, assets or other resources
The provision of—
(a) funds, assets, services or other resources by way of donation;
(b) assets or other resources by way of sale for a consideration not exceeding the direct cost to the organisation providing
the assets or resources;
(c) funds by way of loan at no charge; or
(d) assets by way of lease for an annual consideration not exceeding the direct cost to the organisation providing the
asset divided by the total useful life of the asset, to any—
(i) public bene t organisation which has been approved in terms of section 30;
[Sub-para. (i) substituted by s. 83 of Act 31 of 2005.]
(ii) institution, board or body contemplated in section 10 (1) (cA) (i), which conducts one or more public bene t activities in this part (other than this paragraph);
[Sub-para. (ii) substituted by s. 83 of Act 31 of 2005.]
(iii) association of persons carrying on one or more public bene t activity contemplated in this part (other than this paragraph), in the Republic; or
[Sub-para. (iii) substituted by s. 83 of Act 31 of 2005.]
(iv) department of state or administration in the national or provincial or local sphere of government of the Republic, contemplated in section 10 (1) (a).
[Sub-para. (iv) substituted by s. 83 of Act 31 of 2005 and by s. 152 of Act 31 of 2013 – date of commencement:
12 December 2013.]
11 General
(a) The provision of support services to, or promotion of the common interests of public bene t organisations contemplated in section 30 or institutions, boards or bodies contemplated in section 10 (1) (cA) (i), which conduct one or more public bene t activities contemplated in this part.
(b) The bid to host or hosting of any international event approved by the Minister for purposes of this paragraph, having regard to—
(i) the foreign participation in that event; and
(ii) the economic impact that event may have on the country as a whole.
[Sub-para. (b) amended by s. 126 of Act 45 of 2003.]
(c) The promotion, monitoring or reporting of development assistance for the poor and needy.
[Sub-para. (c) added by s. 88 of Act 60 of 2008.] (d) The provision of funds to an organisation—
(i) which is incorporated, formed or established in any country other than the Republic; (ii) which is exempt from tax on income in that other country;
(iii) the sole or principal object of which is the carrying on of one or more activities that would qualify as public bene t activities listed in Part I of this Schedule if carried on in the Republic; and
(iv) that carries on each of its activities—
(aa) in a non-pro t manner;
(bb) with altruistic or philanthropic intent;
(cc) in a manner which does not directly or indirectly promote the economic self-interest of any duciary or
employee of the organisation other than by way of reasonable remuneration; and
(dd) for the bene t of, or is widely accessible to the general public of that country including any sector thereof (other
than small and exclusive groups).
[Sub-para. (d) added by s. 88 of Act 60 of 2008.] PART II
1 Welfare and humanitarian
(a) The care or counseling of, or the provision of education programmes relating to, abandoned, abused, neglected, orphaned or homeless children.
SAIT CompendIum oF TAx LegISLATIon VoLume 1 413
INCOME TAX ACT – SCHEDULES