Clause 8
Amendment of section 14I
of Income Tax (Amendment) Bill
BillNot in forceProvision 8 of 17
Clause 8
Section 14I of the principal Act is amended —
(a)
by deleting “2%” in the first line of subsection (4)(c) and substituting the words “2% in the case of a qualifying finance company or 3% in the case of a bank,”; and
(b)
by deleting “2%” in the fourth line of subsection (5)(b) and substituting the words “the appropriate percentage referred to in subsection (4)(c)”.