Files
| Attachment | Size |
|---|---|
| act21of1994.pdf | 16.88 MB |
21 of 1994
The Income Tax Act 21 of 1994 intends:
- to fix the rates of normal tax payable by persons other than companies in respect of taxable incomes for the years of assessment ending on 28 February 1995 and 30 June 1995, and by companies in respect of taxable incomes for years of assessment ending during the period of 12 months ending on 31 March 1995;
- to amend the Income Tax Act, 1962;
- to withdraw a Government Notice;
- to provide for special provisions with regard to the transition levy payable by certain companies;
- to provide for the administration bythe Commissioner for Inland Revenue of certain laws;
- to provide for the imposition of a transition levy in the former Republics of Transkei, Bophuthatswana and Ciskei;
- to extend the application of the Income Tax Act, 1962;
- to provide for special provisions for the determination of taxable income derived by persons previously assessable under certain other laws;
- to provide for the retention of certain phasing-in provisions in respect of persons previously taxed in terms of the laws of the former Republic of Venda;
- to amend the Income Tax Act, 1962 (Act No. 52 of 1962), of the former Republic of Venda;
- to amend the Ciskei Income Tax Act, 1984 (Act No. 44 of 1984);
- to repeal certain laws; and
- to provide for incidental matters.
Commencement
25 November 1994
