Page 434 - SAIT Compendium 2016 Volume1

List of de nitions INCOME TAX ACT 58 OF 1962 List of de nitions
Section 64B:
declared
dividend cycle group of companies month
pro t
Section 64C:
share incentive scheme
Section 64D:
bene cial owner dividend
dividend cycle effective date regulated intermediary STC credit
Section 64E:
market-related interest
Section 64EB:
resale agreement
Section 64J:
dividend
Section 80L:
arrangement
avoidance arrangement
impermissible avoidance arrangement party
tax
Section 89bis: taxes
Section 89quat: credit amount effective date normal tax
First Schedule:
employees forest produce holders of shares plantation
Second Schedule:
lump sum bene t pension fund provident fund public sector fund retire
retirement annuity fund
Fourth Schedule:
annual equivalent annual tax
employee
employees tax employees tax certi cate employer
labour broker
month
net remuneration personal service company
personal service provider personal service trust provisional tax provisional taxpayer remuneration representative employer standard employment tax period
tax threshold
Sixth Schedule:
investment income
micro business professional service qualifying turnover registered micro business taxable turnover
Seventh Schedule:
associated institution
bene t
consideration
contribution certi cate
de ned bene t component de ned contribution component determined value (para. 7) employee
employer
employment
fund member category
fund member category factor fund return
loan
long service (para. 5) maintenance plan (para. 7) member
month
of cial rate of interest retirement-funding income risk bene t
taxable bene t
underpin component
Eighth Schedule:
active business asset allowance asset
an interest
asset
base cost
boat
capital asset capital distribution capital gain
capital loss controlling interest date of distribution debt
disposal (and ‘dispose’) exempt dividend
extraordinary exempt dividends foreign currency asset
foreign currency base cost
foreign currency liability
foreign currency proceeds
foreign nancial instrument holding company identical assets
individual policyholder fund
426 SAIT CompendIum oF TAx LegISLATIon VoLume 1