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 | |
|---|---|---|---|
IN 146 | Meaning of “deemed to be one and the same person” for determining the entitlement to the wear-and-tear allowance under an amalgamation transaction | Income Tax Act, 1962 | Sections 11(e), 12C, and 44(3)(a)
|
| Meaning of ’employee’ for purposes of the Employment Tax Incentive Act | Employment Tax Incentive Act, 2013 | Section 1(1) definition of “employee”, the proviso to the definition of “monthly remuneration”, and proviso to section 6 | |
| Income tax exemption: Bargaining councils | Income Tax Act, 1962 | Section 10(1)(cA)(i) | |
| Income tax exemption: Registered political party | Income Tax Act, 1962 | Section 10(1)(cE) | |
| Meaning of “similar finance charges” | Income Tax Act, 1962 | Paragraph (a) of the definition of “interest” in section 24J(1) | |
| IN 141 | The meaning of reserve fund under section 23(e) | Income Tax Act, 1962 | Section 23(e) |
