Income Tax Act 76 of 1968

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76 of 1968

The Income Tax Act 76 of 1968 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 the twenty-eighth day of February, 1969, and the thirtieth day of June, 1969, and by companies in respect of taxable incomes for years of assessment ending during the period of twelve months ending the thirty-first day of March, 1969;
  • to provide for the payment of a portion of the normal tax payble by certain companies into provincial revenue funds;
  • 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
  • to provide for incidental matters.

Commencement

5 July 1968

Amendments