Older Persons Act, 2006
R 385
Tax on Retirement Funds Act, 1996 (Act No. 38 of 1996)2. Levy of tax and rate thereof |
There shall be levied and paid for the benefit of the National Revenue Fund a tax, to be known as the tax on retirement funds, calculated at the rate of 9 per cent of the taxable amount, as determined, as the case may be, in the case of—
| (a) | an untaxed policyholder fund, in accordance with the provisions of section 4; or |
| (b) | a retirement fund, in accordance with the provisions of section 5. |
