INCOME TAX RATES ACT 1986

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

SECTION 25   25   RATE OF TAX PAYABLE BY TRUSTEES OF PUBLIC TRADING TRUSTS  


The rate of tax payable by a trustee of a public trading trust in respect of the net income of the public trading trust in respect of which the trustee is liable, under section 102S of the Assessment Act, to be assessed and to pay tax is:


(a) if the trust is a base rate entity for a year of income - 27.5%; or


(b) otherwise - 30%.




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