Income Tax Amendment Act 6 of 1963

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6 of 1963

The Income Tax Amendment Act 6 of 1963 intends:

  • to amend the law relating to income tax,
  • to provide for payments in respect of normal tax, the taxes levied by the provinces on persons and the incomes of persons and interest in respect of overdue payments to be made of amounts to be deducted or withheld by employers from the remuneration of employees and by way of provisional payments,
  • to provide for the method of payment and recovery of certain taxes and interest,
  • to provide for certain provisions of the law relating to income tax to be applied for the purposes of any ordinance of a provincial council imposing a tax on persons or on the incomes of persons,
  • to provide for the loan portions of the normal and super taxes levied in respect of the years of assessment ended the thirtieth day of June, 1953, 1957, 1958 and 1959 to be discharged in certain cases,
  • to provide for the payment into the Consolidated Revenue Fund and the various provincial revenue funds of portions of the amounts collected in respect of normal tax and the aforesaid taxes levied by the provinces (excluding the normal tax imposed on companies) and interest and other charges in respect of such taxes, and
  • to amend the Insolvency Act, 1936, the Financial Relations Consolidation and Amendment Act, 1945, and the Exchequer and Audit Act, 1956.

Amends

Commencement

20 February 1963

Amendments