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Income tax in South Africa was first introduced in 1914 with the introduction of the Income Tax Act No 28, an act that had its origins in the New South Wales Act of 1895. The act has gone through numerous amendments with the act presently in force is the Income Tax Act No 58 of 1962 which contains provisions for four different types of income tax.
The Union of South Africa came into existence on 31 May 1910, uniting the Cape Colony, Transvaal Colony, Colony of Natal, and Orange River Colony.Three months later, on 9 August, the Governor-General, Herbert Gladstone, retroactively appointed Joseph Clerc Sheridan, Esq., as the acting Commissioner for Inland Revenue with effect from 1 July 1910. [15]
In 2021/22 the Western Cape Provincial government received a total budget of just under R 72.35 billion with 74% (R54.445 billion) of that in the form of "equitable shares" from the national government budget, 18% (R13.53 billion) in the form of "conditional grants" from national government, 4% in "financing", 3% from the provinces own receipts ...
The PAYE tax system was introduced in Barbados in 1957 which allowed employees to have their income tax be paid on the behalf of their employers by deducting the amount from their wage/salary. Every employer who has employees earning more than $481 per week or $2,083 per month is required to register as an employer with the Barbados Revenue ...
However, although the calendar year finished on 24 March, the tax year finished a day later, on 25 March, the Quarter Day – the traditional day on which debts were settled. (For a fuller explanation about the history of the United Kingdom income tax year and its start date, see History of taxation in the United Kingdom § Start of tax year.)
14 June – Cyril Ramaphosa is re-elected as President of South Africa for a second term. [21] 19 June – Cyril Ramaphosa is sworn in for a second term as President of South Africa. [22] 20 June – Democratic Alliance MP Renaldo Gouws is suspended after old videos of him making derogatory and inciteful remarks against black people emerge ...
The Philippines used to tax the foreign income of nonresident citizens at reduced rates of 1 to 3% (income tax rates for residents were 1 to 35% at the time). [170] It abolished this practice in a new revenue code in 1997, effective 1998.
Pages in category "June 2024 in South Africa" The following 4 pages are in this category, out of 4 total. This list may not reflect recent changes. C.