Exchange Control Amnesty and Amendment of Taxation Laws Act, 2003 (Act No. 12 of 2003)Chapter I : Exchange Control Amnesty and accompanying tax measuresPart D : Tax Relief in terms of Amnesty19. Disallowance of deductions, allowances, losses and rebates |
| 1) | An applicant or facilitator may not claim any – |
| a) | deduction, allowance, assessed loss or assessed capital loss; or |
| b) | rebate in respect of any foreign taxes payable, which relates to any amount in respect of which section 15 or 17 applies. |