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 31   31   RATE OF EXTRA INCOME TAX FOR RECOUPMENTS FOR R & D ACTIVITIES  


The rate of extra income tax payable 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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