Protection of Businesses Act, 1978
R 385
Exchange Control Amnesty and Amendment of Taxation Laws Act, 2003 (Act No. 12 of 2003)Chapter II : General Amendments to Taxation Laws37. Income Tax Act, 1962 section 12E |
Amendment of section 12E of Act 58 of 1962, as inserted by section 12 of Act 19 of 2001 and amended by section 17 of Act 30 of 2002 and section 21 of Act 74 of 2002
| 1) | Section 12E of the Income Tax Act, 1962, is hereby amended by the substitution in subsection (4) for the expression "R3 million" wherever it may occur in subparagraph (i) of paragraph (a) of the expression "R5 million", |
| 2) | Subsection (1) shall be deemed to have come into operation on 1 April 2003 and shall apply in respect of any year of assessment ending on or after that date. |
