Income Tax Act, 1962 (Act No. 58 of 1962)
Chapter II : The Taxes
Part II : Special Provisions Relating to Companies
40E. Ceasing to be controlled foreign company
Where a controlled foreign company ceases to be a controlled foreign company during any foreign tax year of that controlled foreign company prior to 5 June 2015 solely by reason of the coming into operation of the Taxation Laws Amendment Act, 2015, section 9H(3)(b) must not apply.
[Section 40E inserted by section 60(1) of the Taxation Laws Amendment Act, 2015 (Act No. 25 of 2015) - effective 31 December 2015]