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Income Tax Act 52 of 1970

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52 of 1970

The Income Tax Act 52 of 1970 intends:

  • to fix the rates of normal tax payable by persons other than companies In respect or taxable Incomes for the years or assessment ending on the twenty-eighth day of February, 1971, and the thirtieth day of June, 1971, and by companies in respect or taxable Incomes for years or assessment ending daring the period of twelve months ending on the thirty-first day of March, 1971;
  • to provide for the payment of certain portions of the normal tax payable by certain companies into provincial revenue fonds and the Revenue Fond of the territory of South-West Africa;
  • to provide for the basis of calculation of any tax levied by a provincial council on the Incomes of persons other than companies;
  • to provide for the repayment to the taxpayers concerned of certain portions of the normal tax paid by those taxpayers;
  • to amend the Income Tax Act, 1962, and the Income Tax Act, 1969; and
  • to provide for Incidental matters.

Commencement

23 September 1970

Amendments