Taxation (Deficit Reduction) Act (No. 2) 1993 (55 of 1993)

Part 4   AMENDMENT OF THE INCOME TAX RATES ACT 1986

Division 2   Registered organisations

Subdivision D   Rate for 1996-97 and later years

20   Rates of tax payable by companies

 

(1) Section 23 of the Principal Act is amended by omitting from paragraph (4)(b) "36%" and substituting "39%".
            

      

(2) The amendments made by subsection (1) apply to assessments in respect of income of the 1996-97 year of income and of all later years of income.