Statistics Act, 1999
R 385
Exchange Control Amnesty and Amendment of Taxation Laws Act, 2003 (Act No. 12 of 2003)Regulations issued in terms of Section 30 of the Exchange Control Amnesty and Amendment of Taxation Laws Act, 200314 - 16. Provisions relating to domestic tax relief |
| 14) | For purposes of section 6(3)(b) and (c) of the Act, an applicant only needs disclose the year of assessment during which the amounts initially accumulated as or converted to foreign assets were so accumulated or converted. |
| 15) | For purposes of section 16(1) of the Act, the exchange rate as published by the South African Reserve Bank for the date of accumulation or conversion, means the daily exchange rate or the annual average exchange rate as published by the Reserve Bank. |
| 16) | The provisions of section 16 of the Act shall not be construed to impose the domestic tax amnesty levy more than once on any amount disclosed by the applicant or facilitator in terms of section 6(3), notwithstanding the fact that the applicant or facilitator, as the case may be, was required to declare that amount to the Commissioner under more than one provision of the Income Tax Act, 1962, or under both the Income Tax Act, 1962, and the Estate Duty Act, 1955. |
