Income Tax Act, 1962 (Act No. 58 of 1962)Chapter II : The TaxesPart I : Normal Tax11E. Deduction of certain expenditure incurred by sporting bodies |
For the purpose of determining the taxable income derived by—
| (a) | any non-profit company as defined in the Companies Act; or |
[Section 11E(a) substituted by section 30(1) of the Taxation Laws Amendment Act, 2013 (Act No. 31 of 2013) - effective 1 May 2011]
| (b) | an association of persons that has been incorporated, formed or established in the Republic, |
from carrying on any sporting activities falling under a code of sport administered and controlled by a national federation as contemplated in section 1 of the National Sport and Recreation Act, 1998 (Act No. 110 of 1998), there shall be allowed as a deduction from the income of that company or association—
| (i) | expenditure, not of a capital nature, incurred by that company or association on the development and promotion, directly by that company or association; or |
| (ii) | any payment made to any other company or association contemplated in this section the expenditure to be incurred on the development and promotion, |
of sporting activities contemplated in paragraph 9 of Part I of the Ninth Schedule falling under that code of sport.
[Section 11E substituted by section 21(1) of the Taxation Laws Amendment Act, 2010 (Act No. 7 of 2010]