South African Government

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Income Tax Act 72 of 1963

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72 of 1963

The Income Tax Act 72 of 1963 intends:

  • to fix the rates of normal tax payable by persons other than companies in respect of the years of assessment ending the twenty-eighth day of February, 1963, the thirtieth day of June, 1963, the twenty-ninth day of February, 1964, and the thirtieth day of Jane, 1964, and by companies in respect of their financial years ending on or before the thirty-first day of December, 1963,
  • to provide for the payment of a portion of the normal tax payable 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, and
  • to amend :


3 July 1963, unless otherwise indicated in the Act. 


Amended by Income Tax Act 90 of 1972