Taxation Laws Amendment Act (No. 1) 1999 (16 of 1999)
Schedule 5 Payments of tax by small companies
Income Tax Assessment Act 1936
13 After subsection 221AZK(3)
Insert:
(3A) A small taxpayer whose assessed tax for the current year is more than $300,000 must pay an instalment on the first day of month 18 equal to 100% of the assessed tax for the current year.
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