INTRODUCTION
The Revenue Laws Amendment Bill and the Revenue Laws Second
Amendment Bill were tabled in Parliament on 21 October 2008. These Bills provide for some fairly wide-ranging and substantive changes to the fiscal terrain, and the more important amendments are dealt with hereunder.
A number of these amendments have different effective or
commencement dates, which will be detailed where appropriate. Except for these, the amendments to the Income Tax Act (the Act) are deemed to come into operation as from the commencement of tax years ending on or after 1 January 2009, so that they will apply, for example, for the years ending 28 February, 30 June, 30 September and 31 December 2009.
Click here to download the full document (PDF file 332 kb)
Get the latest issue of FAnews