Exchange Control Amnesty and Amendment of Taxation Laws Act, 2003 (Act No. 12 of 2003)

Chapter II : General Amendments to Taxation Laws

32. Income Tax Act, 1962 Tax Rates
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Fixing of rates of normal tax in terms of Act 58 of 1962

 

The rates of normal tax to be levied in terms of section 5(2) of the Income Tax Act, 1962, in respect of -

a)the taxable income of any person (other than a company) for the year of assessment ending on 29 February 2004; and
b)the taxable income of any company for any year of assessment ending during the period of 12 months ending on 31 March 2004,

shall be as set out in Schedule 1 to this Act.