Income Tax Rates Act 1986
The rate of extra income tax payable by a taxpayer under Subdivision 355-G (about government R & D recoupments) of the Income Tax Assessment Act 1997 for a year of income is 10%.
[ CCH Note: S 12B will be repealed by No 92 of 2020, s 3 and Sch 5 item 40, effective 1 January 2021 and applicable in relation to assessments for income years commencing on or after 1 July 2021.]
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