South African Government

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Income Tax Act 129 of 1991

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129 of 1991

The Income Tax Act 129 of 1991 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 29 February 1992 and 30 June 1992, and by companies in respect of taxable incomes for years of assessment ending during the period of 12 months ending on 31 March 1992;
  • to amend the Income Tax Act, 1962;
  • to provide for an initial allowance on certain machinery and plant; and
  • to provide for incidental matters.


12 July 1991


Amended by Income Tax Act 113 of 1993