Page 428 - SAIT Compendium 2016 Volume1

Eleventh Schedule INCOME TAX ACT 58 OF 1962 Eleventh Schedule
26. South African Research Chairs Initiative received or accrued from the Department of Science and Technology;
27. Support Programme for Industrial Innovation received or accrued from the Department of Trade and Industry;
28. Taxi Recapitalisation Programme received or accrued from the Department of Transport;
29. Technology Development Fund received or accrued from the Department of Science and Technology;
30. Technology and Human Resources for Industry Programme received or accrued from the Department of Trade and Industry;
31. Transfers to the South African National Taxi Council received or accrued from the Department of Transport;
32. Transfers to the University of Pretoria, University of KwaZulu-Natal and University of Stellenbosch received or
accrued from the Department of Transport;
33. Youth Technology Innovation Fund received or accrued from the Department of Science and Technology.
[Eleventh Schedule added by s. 140 (1) of Act 22 of 2012 (date of commencement: 1 January 2013; this Schedule
applies iro years of assessment commencing on or after that date) and amended by s. 161 (1) of Act 31 of 2013 (date of commencement: 1 January 2013; the amendment applies iro years of assessment commencing on or after that date) and substituted by s. 125 (1) of Taxation Laws Amendment Act, 2015 – date of commencement: date of promulgation of Taxation Laws Amendment Act, 2015.]
Prelex
Wording of Eleventh Schedule in force until its substitution wef date of promulgation of Taxation Laws Amendment Act, 2015
Eleventh Schedule
GOVERNMENT GRANTS EXEMPT FROM NORMAL TAX
(Section 12P)
[Eleventh Schedule added by s. 140 (1) of Act 22 of 2012 – date of commencement: 1 January 2013; this Schedule applies in respect of years of assessment commencing on or after that date.]
Automotive Production and Development Programme received or accrued from the Department of Trade and Industry; Automotive Incentive Scheme received or accrued from the Department of Trade and Industry;
Black Business Supplier Development Programme received or accrued from the Department of Trade and Industry; Business Process Services received or accrued from the Department of Trade and Industry;
Capital Restructuring Grant received or accrued from the Department of Human Settlements;
[Grant substituted by s. 161 (1) of Act 31 of 2013 – date of commencement deemed to have been 1 January 2013; the substitution applies in respect of years of assessment commencing on or after that date.]
Capital Restructuring Grant received or accrued from the Department of Housing;
Clothing and Textiles Competitiveness Programme received or accrued from the Department of Trade and Industry; Co-operative Incentive Scheme received or accrued from the Department of Trade and Industry;
Critical Infrastructure Programme received or accrued from the Department of Trade and Industry;
Eastern Cape Jobs Stimulus Fund received or accrued from the Department of Economic Development,
Environmental Affairs and Tourism of the Eastern Cape;
Enterprise Investment Programme received or accrued from the Department of Trade and Industry;
Equity Fund received or accrued from the Department of Science and Technology;
Export Marketing and Investment Assistance received or accrued from the Department of Trade and Industry; Film Production Incentive received or accrued from the Department of Trade and Industry;
Food Forti cation Grant received or accrued from the Department of Health;
Idea Development Fund received or accrued from the Department of Science and Technology;
Industrial Development Zone Programme received or accrued from the Department of Trade and Industry; Industry Matching Fund received or accrued from the Department of Science and Technology;
Integrated National Electri cation Programme Grant: Non-grid electri cation service providers received or accrued
from the Department of Energy;
Integrated National Electri cation Programme: Electricity connection to households received or accrued from the
Department of Energy;
Jobs Fund received or accrued from the National Treasury;
Manufacturing Competitiveness Enhancement Programme received or accrued from the Department of Trade and
Industry;
Sector Speci c Assistance Scheme received or accrued from the Department of Trade and Industry;
Small, Medium Enterprise Development Programme received or accrued from the Department of Trade and Industry; Small/Medium Manufacturing Development Programme received or accrued from the Department of Trade and Industry; South African Research Chairs Initiative received or accrued from the Department of Science and Technology; Support Programme for Industrial Innovation received or accrued from the Department of Trade and Industry; Taxi Recapitalisation Programme received or accrued from the Department of Transport;
Technology Development Fund received or accrued from the Department of Science and Technology;
Technology and Human Resources for Industry Programme received or accrued from the Department of Trade and
Industry;
Transfers to the South African National Taxi Council received or accrued from the Department of Transport; Transfers to the University of Pretoria, University of KwaZulu-Natal and University of Stellenbosch received or
accrued from the Department of Transport;
Youth Technology Innovation Fund received or accrued from the Department of Science and Technology.
[Eleventh Schedule added by s. 140 (1) of Act 22 of 2012 – date of commencement: 1 January 2013; this Schedule applies in respect of years of assessment commencing on or after that date.]
420 SAIT CompendIum oF TAx LegISLATIon VoLume 1