Clause 26
Amendment of section 43
of Income Tax (Amendment) Bill
BillNot in forceProvision 26 of 57
Clause 26
(1)
Section 43 of the principal Act is amended —
(a)
by deleting “20%” in subsection (1)(b) and substituting “22%”;
(b)
by deleting “2015” in subsection (3B) and substituting “2020”; and
(c)
by deleting the words “sections 13(1)(r)” in subsection (4) and substituting the words “sections 13(1)(r), (ra) and (rb)”.
(2)
Subsection (1)(a) has effect for the year of assessment 2017 and subsequent years of assessment.