Income Tax Rates Amendment (Sovereign Entities) Act 2019 (36 of 2019)
Schedule 1 Amendments
Income Tax Rates Act 1986
3 After section 29
Insert:
30 Rate of tax payable by sovereign entities
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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