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

Chapter II : General Amendments to Taxation Laws

49. Tax on Retirement Funds Act, 1996 section 2
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Amendment of section 2 of Act 38 of 1996, as amended by section 107 of Act 30 of 1998

 

1)Section 2 of the Tax on Retirement Funds Act, 1996, is hereby amended by the substitution in the words preceding paragraph (a) for the expression "25 per cent" of the expression '18 per cent’ "

 

2)Subsection (1) shall he deemed to have come into operation on 1 March 2003.