INCOME TAX RATES ACT 1986

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

SECTION 27   RATES OF TAX PAYABLE BY TRUSTEES OF APPROVED DEPOSIT FUNDS  

27(1)   [Complying ADF]  

The rates of tax payable by a trustee of a complying ADF in respect of the taxable income of the fund are:


(a) in respect of the low tax component - 15%; and


(b) in respect of the non-arm ' s length component - 45%.

27(2)   [Non-complying ADF]  

The rate of tax payable by a trustee of a non-complying ADF in respect of the taxable income of the fund is 45%.




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