Section 53H: Interpretation
consolidated text (as at 2018, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
53H. Interpretation
In this Part—
“levy”—
(a) means the solidarity levy referred to in section 53B; and
(b) includes the penalty and interest referred in section 53F;
“operator” means a taxable person engaged in any business specified
in Part I of the Eleventh Schedule.
PART XB – SPECIAL LEVY ON BANKS
[Part XB inserted by s. 19 (f) of Act 37 of 2011 w.e.f. 15 January 2012; repealed by s. 35 (o)
of Act 9 of 2015 w.e.f. 1 July 2015; inserted by s. 69 (m) of Act 11 of 2018 w.e.f. 9 August
2018 shall come into operation in respect of accounting period ending on or after 1 January
2019 and in respect of every subsequent accounting period.
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Questions this section answers
- Which businesses counted as an 'operator' liable to the solidarity levy?