Division of Revenue Act, 2018 (Act No. 1 of 2018)

Chapter 2 : Equitable Share Allocations

4. Equitable division of provincial share among provinces
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(1) Each province’s equitable share of the provincial share of revenue raised nationally in respect of the 2018/19 financial year is set out in Column A of Schedule 2.

 

(2) The envisaged equitable share for each province of revenue anticipated to be raised nationally in respect of the 2019/20 financial year and the 2020/21 financial year, and which is subject to the Division of Revenue Acts for those financial years, is set out in Column B of Schedule 2.

 

(3) The National Treasury must transfer each province’s equitable share referred to in subsection (1) to the corporation for public deposits account of the province in accordance with the payment schedule determined in terms of section 23.