Taxation Laws Amendment Act (No. 1) 1999 (16 of 1999)

Schedule 5   Payments of tax by small companies

Income Tax Assessment Act 1936

10   Subsection 221AZK(2) (table row relating to small companies)

Repeal the row, substitute:

Small

less than $8,000

15th day of month 18

100% of likely tax for current year

   

15th day of month 21

assessed tax for current year, less previous instalment for current year