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Income Tax Act, 1962 (Act 58 of 1962)

2. Notice under Section 11bis(4B) of the Income Tax Act, 1962

 

 

I, Owen Pieter Faure Horwood, Minister of Finance, do hereby declare that my directions, in terms of the provisions contained in section 11bis(4B)(a) and (b) of the Income Tax Act, 1962 (Act 58 of 1962, as amended, are set out in the Schedule hereto.

 

Schedule

 

 

 

 

 

Trade recognised as an export service industry

 

 

 

 

 

Nature of income

Whether person carrying on the trade will, in the appropriate circumstances, qualify for the enhanced exporters’ allowance

a) Tour and safari operators

Income received from visitors from abroad

Yes

b) Owners of charterers of ships

Income derived from the provision of freight space to foreign users of such space

Yes

c) Persons providing storage and ancillary facilities

Income derived from the provision of storage and ancillary facilities to foreign users of such facilities in the course of the movement of goods from one location outside the Republic to another location outside the Republic

Yes

d) Persons rendering inspection, testing and quality control services in the field of engineering

Income derived from the rendering of inspection, testing and quality control services in an export country, provided such income is subject to tax in the Republic

Yes

e) Persons rendering services in respect of the sale and purchase of goods outside the Republic

Commission or similar remuneration derived from the rendering of services in respect of the sale and supply of goods direct from one foreign country to another foreign country, provided such income is subject to tax in the Republic

Yes