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Income Tax Act, 1962 (Act 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]