Comparison View

Amendments are not highlighted in legislation amended before 2012. We are working on it.
Formal Consolidation |  1999 RevEd
Certain undistributed profits may be treated as distributed
30.  Where it appears to the Comptroller that, with a view to the avoidance or reduction of tax, a company has not distributed to its shareholders as dividend profits made in any period which could be distributed without detriment to the company’s business, he may treat any such undistributed profits as distributed, and the persons concerned shall be assessable accordingly.
Informal Consolidation | Amended Act 24 of 2000
Certain undistributed profits may be treated as distributed
30.  Where it appears to the Comptroller that, with a view to the avoidance or reduction of tax, a company has not distributed to its shareholders as dividend profits made in any period which could be distributed without detriment to the company’s business, he may treat any such undistributed profits as distributed, and the persons concerned shall be assessable accordingly.