Income Tax Act, 1962 (Act No. 58 of 1962)

Regulations

Regulations on the additional criteria for clinical trials for the purposes of the deduction for research and development in terms of section 11D of the Income Tax Act, 1962

1. Definitions

Purchase

In these Regulations, unless the context indicates otherwise, any word or expression to which a meaning has been assigned in the Act bears the meaning so assigned, and—

"clinical trial"

means a clinical trial as defined in Appendix F to the Guidelines;

"Guidelines"

means the Guidelines for Good Practice in the Conduct of Clinical Trials with Human Participants in South Africa issued by the Department of Health (2006);

"the Act"

means the Income Tax Act, 1962 (Act No. 58 of 1962).