Interpretation notes are intended to provide guidelines to stakeholders (both internal and external) on the interpretation and application of the provisions of the legislation administered by the Commissioner.
These notes are amended when necessary in line with policy developments and changes in legislation, and will ultimately replace the existing general notes and practice notes, as well as internal circular minutes, to the extent that they relate to the interpretation of the various laws.
For an overview of all interpretation notes published to date, see the Register of all Interpretation Notes.
| Number | Subject | Applicable Legislation | |
|---|---|---|---|
Exemption for international aid received or accrued under an official development assistance agreement | Income Tax Act, 1962 | Section 10(1)(yA) | |
Understatement penalty: Meaning of “maximum tax rate applicable to the taxpayer” | Tax Administration Act, 2011 | Section 222(5) | |
Definition of “associated enterprise” | Income Tax Act, 1962 | Section 31 | |
Determination of the taxable income of certain persons from international transactions: Intra-group loans | Income Tax Act, 1962 | Section 31 | |
| Extraordinary dividends treated as income or proceeds on the disposal of certain shares | Income Tax Act, 1962 | Section 22B and paragraph 43A of the Eighth Schedule | |
| Associations: Funding requirement | Income Tax Act, 1962 | Section 30B(2)(b)(ix) | |
Public benefit organisations: Provision of residential care for retired persons | Income Tax Act, 1962 | Paragraph 3(c) in Part I of the Ninth Schedule | |
Effect on the date of issue of a share arising from a change in the redemption features | Income Tax Act, 1962 | Section 8E | |
Public benefit activity: Bid to host or hosting of any international event | Income Tax Act, 1962 | Paragraph 11(b) in Part I in the Ninth Schedule | |
Deduction of medical lump sum payments | Income Tax Act, 1962 | Section 12M | |
