Change to prescribed rate under rule 68A(3) reduces the statutory percentage for Second Schedule tax calculation. The Second Schedule is amended by substituting in rule 68A(3) the words "twelve per cent." with "nine per cent.", effective from the 1st day of June, ... Summary
Change to prescribed rate under rule 68A(3) reduces the statutory percentage for Second Schedule tax calculation.
The Second Schedule is amended by substituting in rule 68A(3) the words "twelve per cent." with "nine per cent.", effective from the 1st day of June, 2001, thereby altering the prescribed statutory rate applicable under that rule.
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