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Income Tax Act, 1962 (Act 58 of 1962)

Schedules

Tenth Schedule: Oil and Gas Activities

2. Rate

 

The rate of tax on taxable income attributable to oil and gas income of any oil and gas company must not exceed 28 cents on each rand of taxable income.

 

[Paragraph 2 amended by section 155 of the Taxation Laws Amendment Act, 2013 (Act No. 31 of 2013)]