Income Tax Act.
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LEX-FAOC093024
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This Act makes provision for the calculation and collection of income tax in South Africa and related matters. It concerns, among other things, expenditure incurred by a lessor of land let for farming purposes and in respect of soil erosion works, income from the occupation of land, income of foreign companies from agricultural land used for bona fide farming activities directly carried on by that controlled foreign company and costs incurred for the rehabilitation of disturbances of the surface of land and the prevention and combating of pollution of the air, land, sea or other water where such disturbances and pollution are due to mining, prospecting, quarrying or similar operations.
