Commonwealth Numbered Acts

Income Tax (Companies, Corporate Unit Trusts and Superannuation Funds) Act 1983 No. 106 of 1983 - SECT 6

6. (1) The rates of tax payable by a company, other than a company in the
capacity of a trustee, are as set out in the following provisions of this
section.

(2) The rate of tax in respect of the taxable income of a company other than a
private company is 46%.

(3) In the case of a company that is a private company, the rates of tax are-

   (a)  in respect of the taxable income-46%; and

   (b)  in respect of the undistributed amount in respect of which the company
        is liable under section 104 of the Assessment Act to pay additional
        tax-50%.

(4) Where the taxable income of a non-profit company does not exceed $2,542,
the amount of tax payable by the company shall not exceed 55% of the amount by
which the taxable income exceeds $416 less any rebate or credit to which the
company is entitled.