Past Taxes

Governance

• Stabilization Levy Act 13 of 2002

Payee

• Employees and self employed persons

Due Date

• The Tax is due at the end of the year or by March 31st of the following year
• Self employed persons are required to make pre-payments every quarter

Tax Rate

• From Dec 02 - 4%
• From Jan-Dec 03 - 3.5%
• From Jan-Jun 04 - 3%

Tax Charges

• The gross employment income of the individual for the year of assessment (including allowances, benefits etc) and on the net profit of self employed individuals

Filing

• Return are to be filed at the end of the year or before the 31st or the following year

Penalties

• One percent (1%) interest per month is charged on tax liability

Offences

• See Section 119,120,122,123 of the Income Tax Act 67:01

Civil Penalties

• See Sections 110-116 of the Income Tax Act 67:01

Criminal Offences

• See Sections 119,120,122,123 of the Income Tax Act 67:01