Income Tax Act, 1962 (Act No. 58 of 1962)Notices2016 NoticesNotice in terms of section 12R of the Income Tax Act, 1962, regarding activities to which section 12R does not applyNotice No. 446 of 2016 |
Notice No. 446
15 April 2016
GG 39930
National Treasury
I, Pravin Jamandas Gordhan, Minister of Finance, in terms of section 12R(4)(b) of the Income Tax Act, 1962 (Act No. 58 of 1962), hereby give notice that section 12R of the Income Tax Act, 1962 (Act No. 58 of 1962), does not apply in respect of the following activities as classified in version 7 of the Standard Industrial Classification Code issued by Statistics South Africa:
SECTION G: WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTOR CYCLES
Section 45: Commission trade, except of motor vehicles and motor cycles; sale, maintenance and repair of motor vehicles and motor cycles; retail of automotive fuel
Section 46: Wholesale trade, except of motor vehicles and motor cycles
Section 47: Retail trade, except of motor vehicles and motor cycles
SECTION H: TRANSPORTATION AND STORAGE
Division 49: Land transport and transport via pipelines
Division 50: Water transport
Division 51: Air transport
Division 52: Warehousing and support activities for transportation; activities of travel agencies
Division 53: Postal and courier activities
SECTION I : ACCOMMODATION AND FOOD SERVICE ACTIVITIES
Division 55: Short term accommodation activities
Division 56: Food and beverage service activities
SECTION J: INFORMATION AND COMMUNICATION
Division 61: Telecommunications
Division 62: Computer programming, consultancy and related activities
Division 63: Data processing, hosting and related activities
SECTION K: FINANCIAL AND INSURANCE ACTIVITIES
Division 64: Financial intermediation, except insurance and pension funding
Division 65: Insurance and pension funding, except compulsory social security
Division 66: Activities auxilliary to financial service and insurance activities
DIVISION L: REAL ESTATE ACTIVITIES
Division 68: Real estate activities
SECTION M: PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES
Division 69: Legal and accounting activities
Division 70: Management consultancy activities
Division 71: Architectural and engineering activities; technical testing and analysis
Division 72: Scientific research and development
Division 73: Advertising; market research and public opinion polling
Division 74: Photographic activities
SECTION N: ADMINISTRATIVE AND SUPPORT ACTIVITIES
Division 77: Renting of machinery and equipment, without operator, and of personal and household goods
Division 78: Activities of employment placement agencies; temporary employment agency activities
Division 79: Travel agency activities
Division 80: Security and investigation activities
Division 81: Combined facilities support activities; cleaning activities
Division 82: Packaging activities; debt collection services; credit rating agency activities; photocopying, document preparation and other specialized office support activities
SECTION S: OTHER SERVICE ACTIVITIES
Division 95: Repair of personal household goods; repair of computers and communication equipment
Pravin Jamandas Gordahan, MP
Minister of Finance