| Number | Subject | Applicable Legislation | |
|---|---|---|---|
| IN 61 | Remission of interest | Value-Added Tax Act, 1991 | Section 39(7)(a) |
| IN 62 | Broad-based employee share plan | Income Tax Act, 1962 | Sections 8B, 10(1)(nC) and 11(lA) |
IN 63 | Rules for the translation of amounts measured in foreign currencies other than exchange differences governed by section 24I and the Eighth Schedule | Income Tax Act, 1962 | Sections 1(1), 6quat(4) and (4A), 6quin(4), 9A, 9D(6), 25D, 35A(5), 47J, 49H, 50H, 51H and 64N(4) |
(Issue 4) | Income tax exemption: Bodies Corporate, Share Block Companies and Associations of persons managing the collective interests comment to all members | Income Tax Act, 1962 | Section 10(1)(e) |
IN 65 | Trading stock – Inclusion in income when applied, distributed or disposed of otherwise than in the ordinary course of | Income Tax Act, 1962 | Section 22(8) |
| IN 66 | Scholarships or bursaries | Income Tax Act, 1962 | Section 10(1)(q) and the Seventh Schedule |
| IN 67 (Issue 4) | Connected persons | Income Tax Act, 1962 | Section 1(1) – definition of “connected person” |
| IN 68 (Issue 3) New! | Provisions of the Tax Administration Act, 2011, that did not commence on 1 October 2012 under Proclamation No. 51 in Government Gazette 35687 | Tax Administration Act, 2011 | Chapter 12 and Schedule 1 |
| IN 69 (Issue 2) | Game farming | Income Tax Act, 1962 | Sections 9HA, 25, 25C, 26 and First Schedule |
| IN 70 | Supplies made for no consideration | Value-Added Tax Act, 1991 | Section 1 – definitions of ‘enterprise’, ‘taxable supply’, ‘input tax’, ‘donation’ and consideration, section 10(4) and 10(23) |
| IN 71 | Long service awards | Income Tax Act, 1962 | Paragraphs 2(a), 5(2)(b) and 5(4) of the Seventh Schedule |
| IN 72 | Right of use of motor vehicle | Income Tax Act, 1962 | Paragraph 7 of the Seventh Schedule |
IN 73 | Tax implications of rental income from tank containers | Income Tax Act, 1962 | Sections 11(a), 11(e), 20(1), 23A and 25D |
IN 74 | Deduction and recoupment of expenditure on repairs | Income Tax Act, 1962 | Sections 11(d) and 8(4)(a) |
IN 75 (Issue 3) | Exclusion of certain companies and shares from a “group of companies” as defined in section 41(1) | Income Tax Act, 1962 | Sections 1 and 41(1) |
| IN 76
| Tax treatment of tips for recipients, employers and patrons
| Income Tax Act, 1962 | Section1(1) – definition of the term “gross income” Fourth Schedule – paragraph 1 definitions of “remuneration”, “employer”, “employee”, “provisional taxpayer”; paragraph 2(1) |
| Taxable benefit: Use of employer-provided telephone or computer equipment or employer-funded telecommunication services | Income Tax Act, 1962 | Paragraph 2(b), (e) and (h); Paragraphs 6, 10 and 31(1) of the Seventh Schedule |
| Allowance for future expenditure on contracts | Income Tax Act, 1962 | Section 24C |
IN 79
| Produce held by nursery operators Note: Issue 1 of this Note replaced Practice Note 32 dated 7 October 1994 | Income Tax Act, 1962 | Sections 9A, 25, 25C and 26 and Paragraphs 2, 3, 4 and 9 of the First Schedule |
The income tax treatment of stolen money | Income Tax Act, 1962 | Sections 11(a) and (c), 23 (c) and (g) and | |
