Rates and Monetary Amounts and Amendment of Revenue Laws Act 13 of 2016 (English / Afrikaans)

13 of 2016

The Rates and Monetary Amounts and Amendment of Revenue Laws Act 13 of 2016 intends:

  • to fix the rates of normal tax;
  • to amend the Transfer Duty Act, 1949, so as  to amend the rates of transfer duty and monetary thresholds;
  • to amend the Income Tax Act, 1962, so as to amend rates of tax and monetary amounts;
  • to amend the Customs and Excise Act, 1964, so as to amend rates of duty in Schedule 1 to that Act; so as:
    • to substitute certain notes;
    • to insert a new note;
    • to insert a new section;
    • to provide for additional relief under the voluntary disclosure programme; and
  • to provide for matters connected therewith.

Commencement

19 January 2017

Amendment

Amended by Rates and Monetary Amounts and Amendment of Revenue Laws Act 14 of 2017