Company withholding threshold increased, raising the required proportion of distributed income subject to tax under amended law. For companies, section 215(1) is modified so that, with effect from 1 September 1980, the subsection operates as if the words 'eighty-three and one-third per cent.' had been substituted for the previously prescribed proportion.
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Company withholding threshold increased, raising the required proportion of distributed income subject to tax under amended law.
For companies, section 215(1) is modified so that, with effect from 1 September 1980, the subsection operates as if the words "eighty-three and one-third per cent." had been substituted for the previously prescribed proportion.
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