Page 447 - SAIT Compendium 2016 Volume1

Table listing de nitions INCOME TAX ACT 58 OF 1962 Table listing de nitions
Income Tax Act
Value-Added Tax Act
Tax Administration Act
environmental treatment and recycling asset (s 37B)
environmental waste disposal asset (s 37B)
equity instrument (s 8C)
equity security (s 2)
equity share (ss 1, 8EA, 9C, 41 & 43)
estate agent (s 35A)
Estate Duty Act (s 1)
Estate Duty Act (s 1)
exchange difference (s 24I)
exchange item (s 24I)
Excise Duty Act (s 1) (pendlex)
excluded ‘arrangement’, see ‘arrangement’ & s 36
executor (s 1)
exempt dividend (s 22B; 8th Sch paras 19(3)(b) & 43A)
exempt supply (s 1)
expected return (s 10A)
expenditure (ss 36 & 46)
expenditure on shaft sinking (s 36)
exploitation rights (s 12O)
exploration (10th Sch para 1)
export country (s 1)
exported (s 1)
extraordinary exempt dividends (8th Sch para 19(3)(c))
fair market value (s 55)
fair market value (s 1)
lm (ss 12F & 24F)
lm owner (s 24F)
nancial assistance (ss 20C & 31)
nancial asset (s 24JB)
nancial bene t (s 80T) – repealed
nancial bene t (ss 34 to 39 & s 212 (Part B of Ch 4))
nancial instrument (ss 1 & 8E) (s 24JB – deleted)
nancial liability (s 24JB)
Financial Markets Act (s 1)
nancial reporting standards (ss 34 to 39 & s 212 (Part B of Ch 4))
nancial reporting value (s 24JB)
nancial services (s 1)
Financial Services Board (s 1)
Financial Services Board Act (s 1)
SAIT CompendIum oF TAx LegISLATIon VoLume 1 439
INCOME TAX ACT – DEFINITIONS