Surtax rate increase for company profits implemented, raising the statutory rate under amended provisions effective from commencement. The amendment substitutes the previously specified rate of twelve per cent. with fifteen per cent. in the operative provisions of the Companies (Profits) Surtax Act, 1964, with the substitution taking effect from the commencement date specified in the amending legislation.
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Provisions expressly mentioned in the judgment/order text.
Surtax rate increase for company profits implemented, raising the statutory rate under amended provisions effective from commencement.
The amendment substitutes the previously specified rate of twelve per cent. with fifteen per cent. in the operative provisions of the Companies (Profits) Surtax Act, 1964, with the substitution taking effect from the commencement date specified in the amending legislation.
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