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Income Tax Act, 1962 (Act 58 of 1962)

Schedules

Seventh Schedule

Benefits or Advantages Derived by reason of Employment or the Holding of any Office

20. Amendments to this Schedule

 

1) The Minister of Finance may by notice in the Gazette amend—
a) [deleted by section 57 of Act 30 of 2000];
b) the provisions of paragraph 5(2) so as to vary the amount specified therein;
c) the provisions of paragraph 7(4) so as to substitute a different scale for the scale specified therein and so as to vary the amounts specified in the proviso thereto;
d) the provisions of paragraph 7(7) so as to vary the distance in kilometres specified therein;
e) the provisions of paragraph 9(3)(a) so as to vary the amount and quantities specified therein;
f) [deleted by section 57 of Act 30 of 2000];
g) [deleted by section 57 of Act 30 of 2000];
h) the provisions of paragraph 10(1)(a) so as to vary the amount specified therein;
i) the provisions of paragraph 10(2) so as to vary the amount specified therein; and
j) the provisions of paragraph 11(4)(a) so as to vary the amount specified therein.

 

2) Any amendment made in terms of subparagraph (1) which is in force immediately before the date of promulgation of the Act of Parliament fixing rates of normal tax for the said year of assessment shall, unless Parliament otherwise provides. lapse on that date, and in such case it shall as from that date cease to have the force of law.