Income Tax Act, 1962 (Act No. 58 of 1962)

Rates of Normal Tax - 2012

Paragraph 2 - Rates of normal tax - taxable income of a trust
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2.The rate of tax referred to in section 1(1) of this Act to be levied in respect of the taxable income of a trust (other than a special trust or a public benefit organisation referred to in paragraph 4) in respect of any year of assessment ending on 28 February 2013 is 40 per cent.