PRACTICE

NOTE

DATE ISSUED

SUBJECT

REASON

20

25 June 1993

Income Tax: Transactions, operations or schemes for purposes of avoiding or postponing liability for or reducing amounts of taxes on income: section 103 of the Income Tax Act, 1962 (the Act)

Matter mainly now dealt with in section 80B(2)

24

8 August 1994

Income Tax: Private use of motor vehicle

In line with the amendment to section 8, taxpayers are expected to keep better records.

This practice note is withdrawn with effect from years of assessment commencing on or after 1 March 2010

25

16 August 1994

Income Tax: Excessive remuneration and other charges

Normal requirements of section 11(a) read with section 23(g) are applicable

28

19 August 1994

Income Tax: Secondary Tax on Companies: Section 64C of the Income Tax Act: Certain amounts distributed deemed to be dividends: Employer contributions to employees’ pension, provident and medical funds

Incorporated in the Comprehensive guide to CGT paragraph 4.4.2

29

19 August 1994

Income Tax: Salaries paid to members of incorporated accounting practices

Normal requirements of section 11(a) read with section 23 (g) are applicable

33

26 October  1994

Income Tax: section of the Income Tax Act: attorneys

Of a procedural nature and not an interpretative aspect

40

19 June 1995

Income Tax: Lump sum benefits derived from a pension or provident fund on retirement

Incorporated in the Guide on the taxation of lump sum benefits