“this Act” includes the regulations;
Author: admin_kmos
“Taxpayer” definition of section 1 of ITA
“taxpayer” means any person chargeable with any tax leviable under this Act;
“Tax benefit” definition of section 1 of ITA
“tax benefit” includes any avoidance, postponement or reduction of any liability for tax;
“Taxable income” definition of section 1 of ITA
“taxable income” means the aggregate of –
(a) the amount remaining after deducting from the income of any person all the amounts allowed under Part I of Chapter II to be deducted from or set off against such income; and
(b) all amounts to be included or deemed to be included in the taxable income of any person in terms of this Act;
“Taxable capital gain” definition of section 1 of ITA
“taxable capital gain” means an amount determined in terms of paragraph 10 of the Eighth Schedule;
“Tax Administration Act” definition of section 1 of ITA
“Tax Administration Act” means the Tax Administration Act, 2011 (Act No. 28 of 2011);
“Spouse” definition of section 1 of ITA
“spouse”, in relation to any person, means a person who is the partner of such person-
(a) in a marriage or customary union recognised in terms of the laws of the Republic;
(b) in a union recognised as a marriage in accordance with the tenets of any religion; or
(c) in a same-sex or heterosexual union which is intended to be permanent,
[Paragraph (c) substituted by section 3 of Act 25 of 2015 effective on 8 January 2016]
and “married”, “husband” or “wife” shall be construed accordingly: Provided that a marriage or union contemplated in paragraph (b) or (c) shall, in the absence of proof to the contrary, be deemed to be a marriage or union out of community of property;
“Specified period” definition of section 1 of ITA
“specified period”, in relation to a year of assessment of any company commencing on or after 1 April 1977, means –
(a) where such year of assessment is the first financial year of such company, the period commencing on the first day of such year and ending six months after the specified date in respect of such year; and
(b) where such year of assessment is a subsequent financial year of such company, the period commencing the day after the end of the specified period in respect of the immediately preceding year of assessment and ending six months after the specified date in respect of the year of assessment in question:
Provided that where by reason of the amalgamation under section 94 of the Co–operative Societies Act, 1939 (Act No. 29 of 1939), of two or more agricultural co–operatives (as defined in section 27(9) of this Act), the assets and liabilities of such co–operatives have vested in a new agricultural co–operative (as so defined), the Commissioner may, having regard to the circumstances of the case, direct that the specified period of each of the co–operatives which have so amalgamated, as applicable in relation to the final year of assessment of the co–operative in question be extended so as to end on such day as the Commissioner may determine;
“Specified date” definition of section 1 of ITA
“specified date”, in relation to any company, means –
(a) in respect of the year of assessment ending the thirtieth day of June, 1962, that date or, if such company’s return is under the proviso to subsection (13) of section 66 accepted in respect of a period ending upon some other date, such other date; or
(b) in respect of any other year of assessment, the last day of such other year of assessment;
“South African Revenue Service” definition of section 1 of ITA
“South African Revenue Service” means the South African Revenue Service established by section 2 of the South African Revenue Service Act, 1997;