Clause 29
Amendment of section 44
of Income Tax (Amendment No. 2) Bill
BillNot in forceProvision 29 of 43
Clause 29
Section 44(20) of the principal Act is amended by deleting paragraph (g) and substituting the following paragraph:“(g)relevant rate of tax —
(i)
in relation to a dividend paid from 1st January 2004 to 31st December 2006, is 20%; and
(ii)
in relation to a dividend paid from 1st January 2007 to 31st December 2007, is 18%.”.