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DraftAs enacted
Contents

Part 1 · Amendment of Income Tax Act 1947

27. Amendment of section 50

In the ITA, in section 50 —

(a)

in subsection (11), delete “, in the manner specified by the Comptroller,”; and

(b)

after subsection (11), insert —“(11AA) A company must give the written notice using the electronic service, except that the Comptroller may in any particular case or class of cases permit the written notice to be given in any other manner.”.

Part 2

Amendment of Multinational Enterprise (Minimum Tax) Act 2024

Part 3

Related Amendments to Goods and Services Tax Act 1993

Part 4

Related Amendments to Property Tax Act 1960

Part 5

Amendment of Economic Expansion Incentives (Relief from Income Tax) Act 1967

Part 6

Saving and Transitional Provisions

Schedules