Commonwealth Numbered Acts

INCOME TAX ACT 1973 No. 166 of 1973 - SCHEDULE 6

SCHEDULE 6
Section 9

RATES OF TAX PAYABLE BY A COMPANY OTHER THAN A COMPANY IN
THE CAPACITY OF A TRUSTEE

1. The rate of tax in respect of the taxable income of a company not being-

   (a)  a private company; or

   (b)  a co-operative company or non-profit company (other than a life
        assurance company), is 47.5 per centum.

2. In the case of a company that is a private company, the rates of tax are-

   (a)  in respect of the taxable income-45 per centum; 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 per centum.

3. In the case of a company (not being a private company or a life assurance
company) that is a co-operative company or a non-profit company other than a
friendly society dispensary, the rates of tax are-

   (a)  in respect of so much of the taxable income as does not exceed
        $10,000-42.5 per centum; and

   (b)  in respect of the remainder of the taxable income-47.5 per centum.

4. The rate of tax in respect of the taxable income of a non-profit company
that is a friendly society dispensary is 37.5 per centum.
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