Treasury Laws Amendment (A Tax Plan for the COVID-19 Economic Recovery) Act 2020 (92 of 2020)
Schedule 4 Enhancing the R&D Tax Incentive
Income Tax Assessment Act 1997
4 Subsection 355-100(1) (cell at table item 1, column headed "The percentage is:")
Repeal the cell, substitute:
|
the R&D entity's *corporate tax rate for the income year, plus 18.5 percentage points |