DRAFT INTERPRETATION NOTE 50 (Issue 2) ACT - Juta

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DRAFT DRAFT INTERPRETATION NOTE 50 (Issue 2) DATE: ACT : INCOME TAX ACT 58 OF 1962 SECTION : SECTION 11D SUBJECT : DEDUCTIONS IN RESPECT OF SCIENTIFIC OR TECHNOLOGICAL RESEARCH AND DEVELOPMENT CONTENTS PAGE Preamble ........................................ ........................................ ........................................ ...... 3 1. Purpose ........................................ ........................................ ..................................... 4 2. Background ........................................ ........................................ ............................... 4 PART A: DEFINITION OF RESEARCH AND DEVELOPMENT ........................................ .. 4 3. The law ........................................ ........................................ ...................................... 4 Systematic experimental or systematic investigative activities (SIE activities), the results of which are uncertain.

“Interpretation is the process of attributing meaning to the words used in a document, be it legislation, some other statutory instrument, or contract, having regard to the context provided by reading the particular provision or provisions

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