“foreign company” means any company which is not a resident;
Category: PRELIMINARY (ITA)
“Controlled group company” definition of section 1 of ITA
“controlled group company” means a controlled group company contemplated in the definition of “group of companies”;
“Foreign dividend” definition of section 1 of ITA
“foreign dividend” means any amount that is paid or payable by a foreign company in respect of a share in that foreign company where that amount is treated as a dividend or similar payment by that foreign company for the purposes of the laws relating to-
(a) tax on income on companies of the country in which that foreign company has its place of effective management; or
(b) companies of the country in which that foreign company is incorporated, formed or established, where the country in which that foreign company has its place of effective management does not have any applicable laws relating to tax on income,
but does not include any amount so paid or payable that-
(i) constitutes a redemption or other disposal of a participatory interest in an arrangement or scheme contemplated in paragraph (e)(ii) of the definition of “company” to that arrangement or scheme or to the management company of that arrangement or scheme; or
[Paragraph (i) substituted by section 1(1)(a) of Act 20 of 2022]
(ii) ……….
(iii) constitutes a share in that foreign company;
“Controlling group company” definition of section 1 of ITA
“controlling group company” means a controlling group company contemplated in the definition of “group of companies”;
“Controlled foreign company” definition of section 1 of ITA
“controlled foreign company” means a controlled foreign company as defined in section 9D;
[Definition of “controlled foreign company” inserted by section 6(1)(d) of Act 74 of 2002, deleted by section 2(1)(a) of Act 23 of 2020 and inserted by section 2(1)(b) of Act 23 of 2020]
“Co-operative” definition of section 1 of ITA
co-operative” means any association of persons registered in terms of section 27 of the Co-operatives Act, 1981 (Act No, 91 of 1981) or section 7 of the Co-operatives Act, 2005 (Act No. 14 of 2005);
“Copyright Act” definition of section 1 of ITA
“Copyright Act” means the Copyright Act, 1978 (Act No. 98 of 1978);
“Date of sequestration” definition of section 1 of ITA
“date of sequestration” means-
(a) the date of voluntary surrender of an estate, if accepted by the Court; or
(b) the date of provisional sequestration of an estate, if a final order of sequestration is granted by the Court;
“Depreciable asset” definition of section 1 of ITA
“depreciable asset” means an asset as defined in paragraph 1 of the Eighth Schedule (other than any trading stock and any debt), in respect of which a deduction or allowance determined wholly or party with reference to the cost or value of that asset is allowable in terms of this Act for purposes other than the determination of any capital gain or capital loss;
“Designs Act” definition of section 1 of ITA
“Designs Act” means the Designs Act, 1993 (Act No. 195 of 1993);