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Income Tax Act, 1962 (Act 58 of 1962)

Chapter II : The Taxes

Part I: Normal Tax

6. Normal tax rebates

 

(1) In determining the normal tax payable by any natural person, other than normal tax in respect of any retirement fund lump sum benefit, retirement fund lump sum withdrawal benefit or severance benefit, there must be deducted an amount equal to the sum of the amounts allowed to the natural person by way of rebates under subsection (2).

[Subsection (1) amended by section 7 of the Taxation Laws Amendment Act, 2016 (Act No. 15 of 2016)]

 

(2) In the case of a natural person there shall, subject to the provisions of subsection (4), be allowed by way of—
(a) a primary rebate, an amount of R13 635;

[Subsection (2)(a) substituted by section 4(1) of the Rates and Monetary Amounts and Amendment of Revenue Laws Act, 2017 (Act No. 14 of 2017)]

(b) a secondary rebate, if the taxpayer was or, had he or she lived, would have been 65 years of age or older on the last day of the year of assessment, an amount of R7 479; and

[Subsection (2)(b) substituted by section 4(1) of the Rates and Monetary Amounts and Amendment of Revenue Laws Act, 2017 (Act No. 14 of 2017)]

(c) a tertiary rebate if the taxpayer was or, had he or she lived, would have been 75 years of age or older on the last day of the year of assessment, an amount of R2 493.

[Subsection (2)(c) substituted by section 4(1) of the Rates and Monetary Amounts and Amendment of Revenue Laws Act, 2017 (Act No. 14 of 2017)]

 

(3) [Subsection (3) deleted by section 5(b) of Act No. 21 of 1995]

 

(4) Where the period assessed is less than 12 months, the amount to be allowed by way of a rebate under subsection (2) shall be such amount as bears to the full amount of such rebate, the same ratio as the period assessed bears to 12 month.

[Subsection (4) substituted by section 7 of Act No. 31 of 2005]

 

(5) [Subsection (5) deleted by section 4(1)(b) of the Taxation Laws Amendment Act, 2015 (Act No. 25 of 2015)]