Page 430 - SAIT Compendium 2016 Volume1

List of de nitions INCOME TAX ACT 58 OF 1962 List of de nitions
tax
Tax Administration Act tax bene t
taxable capital gain taxable income taxpayer
this Act
trade
Trade Marks Act trading stock
trust
trustee
Value-Added Tax Act water services provider withdrawal interest year of assessment
B: De nitions applicable to speci c sections or parts of Act only
Section 8E:
date of issue
nancial instrument hybrid equity instrument preference share qualifying purpose
Section 8EA:
enforcement obligation enforcement right operating company preference share qualifying purpose third-party backed share
Section 8F:
hybrid debt instrument instrument
interest
issue
redeem
Section 8FA:
hybrid interest interest instrument issue
Section 9:
royalty
Section 9C:
connected persondisposal equity share
Section 9D:
controlled foreign company country of residence
foreign business establishment foreign company
local currency operating lease participation rights protected cell company
Section 9H:
asset
market value
Section 10A:
annuity amount annuity contract commencement expected return purchaser statutory actuary
Section 10B:
foreign dividend
Section 10C:
compulsory annuity
Section 11D:
research and development
Section 5:
special remuneration
Section 6A:
dependant
Section 6B:
child
dependant
disability
qualifying medical expenses
Section 6quat: taxes on income
Section 7A:
antedated salary or pension pension
salary
Section 7B:
employee
employer
variable remuneration
Section 8:
principal
Section 8A:
marketable security
Section 8B:
broad-based employee share plan date of grant
gain
market value
qualifying equity share
Section 8C:
associated institution consideration
employer
equity instrument
market value
restricted equity instrument unrestricted equity instrument
422 SAIT CompendIum oF TAx LegISLATIon VoLume 1