66. Rounding-off of tax

In determining an amount of tax under this Act—

(a) where the tax fraction is expressed as—

(i) a proportion, that proportion may not be rounded off to fewer than five decimal places namely0,13043; or

(ii) a percentage, that percentage may not be rounded off to fewer than three decimal places,namely 13,043; and

(b) fractions of—

(i) less than half a cent, must be rounded down to the last cent; or

(ii) half a cent or more, must be rounded up to the next cent.

[Section 66 substituted by section 175 of Act 60 of 2001 and by section 13(1) of Act 21 of 2018 effective on 1 April 2018]