“controlled period” means a period leading up to an anticipated increase in the rate of duty on excisable goods, as may be determined by the Commissioner in terms of subsection (5)(a)(ii) for the purpose of applying this section; and
Section 58A (Customs Act) – Anti-forestalling measures in respect of anticipated increases in excise duties
58A. Anti-forestalling measures in respect of anticipated increases in excise duties
(1) For purposes of this section-
2024 Income Tax Legislation (OTL7)
2024 Explanatory Memorandum (OTL009)
Interpretation Note 136 (IN136) – Public benefit organisations: Non-professional sport and recreation (Paragraph 9 of Part I of Ninth Schedule)
“Legal practitioner” definition of section 1 of TAA
“legal practitioner” means a legal practitioner as defined in section 1 of the Legal Practice Act, 2014 (Act 28 of 2014);
[Definition of “legal practitioner” inserted by section 14 of Act 43 of 2024]
Section 25E (ITA) – Determination of contributed tax capital in foreign currency
25E Determination of contributed tax capital in foreign currency
Where the functional currency of a company is-
(a) the currency of the Republic and any amount referred to in paragraphs (a)(i), (ii) or (iii) or (b)(i), (ii) or (iii) of the definition of “contributed tax capital” is denominated in any currency other than the currency of the Republic; or
(b) any currency other than the currency of the Republic and any amount referred to in paragraphs (a)(aa), (bb) or (cc) or (b)(aa), (bb) or (cc) of the definition of “contributed tax capital” is denominated in any currency other than the currency of the Republic,
that amount must be translated to the currency of the Republic by applying the spot rate on the date on which that amount must be taken into account for purposes of the determination of contributed tax capital.
[Section 25E inserted by section 30(1) of Act 17 of 2023 and substituted by section 23(1) of Act 42 of 2024 effective on 1 January, 2025]