Housing Development Agency Act, 2008
R 385
Part I : Normal Tax |
5. Levy of normal tax and rates thereof
6A. Medical scheme fees tax credit
6B. Additional medical expenses tax credit
6quat. Rebate or deduction in respect of foreign taxes on income.
6quin. Rebate in respect of foreign taxes on income from source within Republic
6sex. [Repealed] Rebate in respect of dividends tax on income of foreign companies
7. When income is deemed to have accrued or to have been received
7B. Timing of accrual and incurral of variable remuneration
7C. Loan, advance or credit granted to trust by connected person
7D. Calculation of amount of interest
7E. Time of accrual of interest payable by SARS
7F. Deduction of interest repaid to SARS
8. Certain amounts to be included in income or taxable income
8B. Taxation of amounts derived from broad-based employee share plan
8C. Taxation of directors and employees on vesting of equity instruments
8EA. Dividends on third-party backed shares deemed to be income in relation to recipients thereof
8F. Interest on hybrid debt instruments deemed to be dividends in specie
8FA. Hybrid interest deemed to be dividends in specie
8G. Determination of contributed tax capital in respect of shares issued to a group company
9D. Net income of controlled foreign companies
9E. [Repealed] Taxation of passive holding companies
9F. [Repealed] Income from foreign sources
9G. [Repealed] Taxable income in respect of foreign equity instruments
9H. Change of residence, ceasing to be controlled foreign company or becoming headquarter company
9HA. Disposal by deceased person
9HB. Transfer of asset between spouses
9J. Interest of non-resident persons in immovable property
9K. Listing of security on exchange outside Republic
10A. Exemption of capital element of purchased annuities
10B. Exemption of foreign dividends and dividends paid or declared by headquarter companies
10C. Exemption of non-deductible element of qualifying annuities
11. General deductions allowed in determination of taxable income
11A. Deductions in respect of expenditure and losses incurred prior to commencement of trade
11B. [Repealed] Deductions in respect of research and development
11C. [Repealed] Deduction in respect of foreign dividends
11D. Deductions in respect of scientific or technological research and development
11E. Deduction of certain expenditure incurred by sporting bodies
11F. Deduction in respect of contributions to retirement funds
11G. Deduction of expenses incurred in production of interest
11sex. Deduction of compensation for railway operating losses
12D. Deduction in respect of certain pipelines, transmission lines and railway lines
12DA. Deduction in respect of rolling stock
12E. Deduction in respect of certain plant and machinery of small business corporations
12F. Deduction in respect of airport and port assets
12H. Additional deductions in respect of learnership agreements
12I. Additional investment and training allowances in respect of industrial policy projects
12L. Deduction in respect of energy efficiency savings
12M. Deduction of medical lump sum payments
12N. Deductions in respect of improvements not owned by taxpayer
12O. Exemption in respect of films
12P. Exemption of amounts received or accrued in respect of government grants
12Q. Exemption of income in respect of ships used in international shipping
12S. Deduction in respect of buildings in special economic zones
12T. Exemption of amounts received or accrued in respect of tax free investments
12U. Additional deduction in respect of roads and fences in respect of production of renewal energy
13. Deductions in respect of buildings used in a process of manufacture
13bis. Deductions in respect of buildings used by hotelkeepers
13ter. Deductions in respect of residential buildings
13quat. Deductions in respect of erection or improvement of buildings in urban development zones
13quin. Deduction in respect of commercial buildings
13sex. Deduction in respect of certain residential units
13sept. Deduction in respect of sale of low-cost residential units on loan account
14. [Repealed] Deductions in respect of ships
14bis. [Repealed] Deductions in respect of aircraft
15. Deductions from income derived from mining operations
15A. Amounts to be taken into account in respect of trading stock derived from mining operations
18. [Repealed] Deduction in respect of medical and dental expenses
18A. Deduction of donations to certain organisations
19. Concession or compromise in respect of a debt
20. Set-off of assessed losses
20A. Ring-fencing of assessed losses of certain trades
20B. Limitation of losses from disposal of certain assets
20C. Ring-fencing of interest incurred by headquarter companies
21. Deduction of alimony, allowance or maintenance
22. Amounts to be taken into account in respect of values of trading stocks
22A. Schemes of arrangement involving trading stock
22B. Dividends treated as income on disposal of certain shares
23. Deductions not allowed in determination of taxable income
23A. Limitation of allowances granted to lessors of certain assets
23B. Prohibition of double deductions
23C. Reduction of cost or market value of certain assets
23D. Limitation of allowances granted in respect of certain assets
23E. [Repealed] Provisions relating to leave pay
23F. Acquisition or disposal of trading stock
23G. Sale and leaseback arrangements
23H. Limitation of certain deductions
23I. Prohibition of deductions in respect of certain intellectual property
23K. Limitation of deductions in respect of reorganisation and acquisition transactions
23L. Limitation of deductions in respect of certain short-term insurance policies
23M. Limitation of interest deductions in respect of debts owed to persons not subject to tax
23N. Limitation of interest deductions in respect of reorganisation and acquisition transactions
24. Credit agreements and debtors allowance
24A. Transactions whereby fixed property, etc. are exchanged for shares
24B. [Repealed] Transactions where shares are acquired by way of issue in exchange for shares issued
24BA. Transactions where assets are acquired as consideration for shares issued
24C. Allowance in respect of future expenditure on contracts
24E. Allowance in respect of future expenditure by sporting bodies
24F. [Repealed] Allowance in respect of films
24G. Taxable income of toll road operators
24H. Persons carrying on trade or business in partnership
24I. Gains or losses on foreign exchange transactions
24J. Incurral and accrual of interest
24JA. Sharia compliant financing arrangements
24JB. Taxation in respect of financial assets and liabilities of certain persons
24K. Incurral and accrual of amounts in respect of interest rate agreements
24L. Incurral and accrual of amounts in respect of option contracts
24N. Incurral and accrual of amounts in respect of disposal or acquisition of equity shares
24O. Incurral of interest in respect of certain debts deemed to be in the production of income
24P. Allowance in respect of future repairs to certain ships
25. Taxation of deceased estates
25A. Determination of taxable incomes of permanently separated spouses
25B. Taxation of trusts and beneficiaries of trusts
25BA. Amounts received by or accrued to certain portfolios
25C. Income of insolvent estates
25D. Determination of taxable income in foreign currency
25E. Determination of contributed tax capital in foreign currency
26. Determination of taxable income derived from farming
26A. Inclusion of taxable capital gain in taxable income
26B. Taxation of oil and gas companies
27. Determination of taxable income of co-operative societies and companies
28. Taxation of short-term insurance business
29. [Repealed] Taxable income of companies carrying on long-term insurance business
29A. Taxation of long-term insurers
29B. Mark-to-market taxation in respect of long-term insurers
30. Public benefit organisations
30C. Small business funding entities
31. Tax payable in respect of international transactions to be based on arm’s length principle
31A. [Repealed] Disposals of assets by non-resident persons
32. [Repealed] Assessment in the case of submarine cable
33. Assessment of owners or charterers of ships or aircraft who are not residents of the Republic
35A. Withholding of amounts from payments to non-resident sellers of immovable property
37. Calculation of capital expenditure on sale, transfer, lease or cession mining property
37A. Closure rehabilitation company or trust
37B. Deductions in respect of environmental expenditure
37C. Deductions in respect of environmental conservation and maintenance
37D. Allowance in respect of land conservation in respect of nature reserves or national parks
37E. [Repealed] Application of certain provisions where taxpayer carries on value-added process
37G. Determination of taxable income derived from small business undertakings
37H. [Repealed] Tax holiday scheme for certain companies
