Income Tax Rates Amendment (Research and Development) Act 2011 (92 of 2011)

Schedule 1   Amendments

Income Tax Rates Act 1986

3   At the end of Part III

Add:

31 Rate of extra income tax for recoupments for R&D activities

The rate of extra income tax payable under Subdivision 355-G (about government R&D recoupments) of the Income Tax Assessment Act 1997 for a year of income is 10%.