INCOME TAX RATES ACT 1986

PART II - RATES OF INCOME TAX PAYABLE UPON INCOMES OTHER THAN INCOMES OF COMPANIES, PRESCRIBED UNIT TRUSTS, SUPERANNUATION FUNDS AND CERTAIN OTHER TRUSTS  

Division 3 - Rates of tax  

Subdivision B - Rates of tax and notional rates  

SECTION 12B   12B   RATE OF EXTRA INCOME TAX FOR RECOUPMENTS FOR R & D ACTIVITIES  


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



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