Income Tax Act, 1962 (Act No. 58 of 1962)Rates of Normal Tax - 2013Paragraph 4 |
| 4. | The rate of tax referred to in section 2(1) of this Act to be levied in respect of the taxable income of any public benefit organisation that has been approved by the Commissioner in terms of section 30(3) of the Income Tax Act, 1962, or any recreational club that has been approved by the Commissioner in terms of section 30A(2) of that Act is 28 per cent— |
| (a) | in the case of an organisation or club that is a company, in respect of any year of assessment ending during the period of 12 months ending on 31 March 2014; or |
| (b) | in the case of an organisation that is a trust, in respect of any year of assessment commencing on 1 March 2013 or ending on 28 February 2014. |