Income Tax Act, 1962 (Act No. 58 of 1962)Notices2016 NoticesDetermination in terms of paragraph 9(2) of the Fourth Schedule to the Income Tax Act, 1962 (Act No. 58 of 1962), of a date upon which the new Employees' Tax Deduction Tables prescribed in terms of paragraph 9(1) of the Fourth Schedule to the Income Tax Act, 1962, come into operationNotice No. 338 of 2016 |
Notice No. 338
22 March 2016
GG 39839
South African Revenue Service
| (1) | In terms of paragraph 9(2) of the Fourth Schedule to the Income Tax Act, 1962 (Act No. 58 of 1962), it is hereby announced that new deduction tables as prescribed in terms of paragraph 9(1) of the Fourth Schedule to that Act, come into operation on 1 March 2016. |
| (2) | All previous deduction tables prescribed in terms of paragraph 9(1) of the Fourth Schedule are hereby withdrawn with effect from 1 March 2016. |
| (3) | The new deduction tables are known as the Weekly, Fortnightly, Monthly, Annual and Other Employment Tax Deduction Tables with an effective date 2016.03.01 and shall remain in operation until further notice. |
| (4) | The Weekly, Fortnightly, Monthly, Annual and Other Employment Tax Deduction Tables with an effective date 2016.03.01 are available on SARS’ website (www.sars.gov.za) and are published as attachments to the PAYE-GEN-01-G01 - Guide for Employers in Respect of Tax Deduction Tables – External Guide. |
T S Moyance
Commissioner: South African Revenue Service