43 of 1955
The Income Tax Act 43 of 1955 aims:
- to fix the rates of normal and super income tax in respect of the year of assessment ending the thirtieth day of June, 1955;
- to amend the law relating to income tax;
- to provide for the taxation of undistributed profits and of donations, and
- to discharge persons from liability in respect of unpaid loan portions of normal and super tax unassessed as at the first day of July, 1955.
17 June 1955