Income Tax Rates Act 1986

PART III - RATES OF INCOME TAX PAYABLE UPON INCOMES OF COMPANIES, PRESCRIBED UNIT TRUSTS, SUPERANNUATION FUNDS, CERTAIN OTHER TRUSTS AND SOVEREIGN ENTITIES  

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History

Pt III heading amended by No 36 of 2019, s 3 and Sch 1 item 2, by substituting " , certain other trusts and sovereign entities " for " and certain other trusts " , effective 1 July 2019.

SECTION 30  

30   RATE OF TAX PAYABLE BY SOVEREIGN ENTITIES  

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The rate of tax payable in respect of the taxable income of a sovereign entity is 30%, unless another provision of this Part sets the rate of tax in respect of that taxable income.

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S 30 inserted by No 36 of 2019, s 3 and Sch 1 item 3, effective 1 July 2019.

Former s 30 repealed by No 70 of 2015, s 3 and Sch 1 item 117, effective 1 July 2015. S 30 formerly read:

SECTION 30 RATE OF TAX IN RELATION TO TRUSTEE OF FHSA TRUST  
30
The rate of tax for the purposes of section 345-5 of the Income Tax Assessment Act 1997 is 15%.

Former s 30 inserted by No 45 of 2008, s 3 and Sch 1 item 52, effective 26 June 2008.

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