Section 44: Companies

44. Companies Every company shall be liable to income tax on its chargeable income at the rate specified in the First Schedule. [S. 44 amended by Act 13 of 1996; Act 25 of 2000 w.e.f. year of assessment commencing on 1 July 2001; s. 18 (m) of Act 15 of 2006 w.e.f. 1 July 2007 in respect of the year of assessment commencing on 1 July 2007 and in respect of every subsequent year of assessment; s. 17 (e) of Act 17 of 2007 w.e.f. 22 August 2007.] 44A. — [S. 44A inserted by s. 11 (i) of Act 28 of 2004 w.e.f. the year of assessment commencing on 1 July 2005; amended by s. 19 (h) of Act 14 of 2005 w.e.f. 1 July 2005; s. 18 (n) of Act 15 of 2006 w.e.f. 1 July 2007 in respect of the year of assessment commencing on 1 July 2007 and in respect of every subsequent year of assessment; s. 17 (f) of Act 17 of 2007 w.e.f. 1 July 2007; s. 12 (c) of Act 26 of 2012 w.e.f. 22 December 2012; repealed by s. 24 (d) of Act 9 of 2015 w.e.f. 1 July 2015 in respect of the year of assessment commencing on 1 July 2015 and in respect of every subsequent year of assessment.]