‘tax position’ means an assumption underlying one or more aspects of a tax return, including whether or not-

(a)     an amount, transaction, event or item is taxable;

(b)     an amount or item is deductible or may be set-off;

(c)     a lower rate of tax than the maximum applicable to that class of taxpayer, transaction, event or item applies; or

(d)     an amount qualifies as a reduction of tax payable; and

‘tax’ means a tax as defined in section 1, excluding a penalty and interest, and will for purposes of this Part include an employment tax incentive as referred to in section 2(1) of the Employment Tax Incentive Act, 2013 (Act 26 of 2013);

[Definition of ‘tax’ substituted by section 26(1) of Act 16 of 2022 deemed effective on 1 September 2022, and applicable to any return, for purposes of paragraph 14(2) of the Fourth Schedule to the Income Tax Act, submitted or after that date]

“tax”, for purposes of administration under this Act, includes a tax, duty, levy, royalty, fee, contribution, penalty, interest and any other moneys imposed under a tax Act;

“taxable event” means an occurrence which affects or may affect the liability of a person to tax;

“taxpayer information” has the meaning assigned under section 67(1)(b);

“taxpayer reference number” is the number referred to in section 24;

“taxpayer” has the meaning assigned under section 151;

“thing” includes a corporeal or incorporeal thing;

“this Act” includes the regulations and a public notice issued under this Act;

‘transaction’ means any transaction, deal, business, arrangement, operation or scheme and includes a series of transactions.