Income Tax (Companies) Act 1927 (NSW)

INCOME TAX (COMPANIES) ACT.

Act No. 42, 1927.

A n A c t t o v a r y t h e r a t e of i n c o m e t a x u p o n t h e

i n c o m e s	of	c o m p a n i e s ;	t o	i m p o s e	a n	i n c o m e
t a x	o n	s u c h	i n c o m e s ;	t o a m e n d	t h e	I n c o m e
T a x	A c t ,	1 9 2 7 ;	a n d	for	p u r p o s e s	c o n n e c t e d

t h e r e w i t h .	[ A s s e n t e d	t o ,	1 8 t h	N o v e m b e r ,
1 9 2 7 . ]

BE it enacted by t h e K i n g ' s Most Exce l l en t

Majesty ,

by and with t he advice a n d consent of t he Legis ­ lat ive Counci l and Legis la t ive Assembly of N e w South

W a l e s in Par l i ament assembled, and b y the au thor i ty of

t h e same, as follows :—

1 . This Act m a y	be cited as t h e	" I n c o m e	T a x
(Companies)	Act , 1 9 2 7 , " and shall	be cons t rued	wi th

t he I n c o m e Tax ( M a n a g e m e n t ) Act , 1912, as amended

by subsequen t Acts .

2 . (1) No twi th s t and ing t h e provisions of section

th ree of the I n c o m e Tax Ac t , 1927, t he re shall be levied and paid unde r t he provisions of t h e I n c o m e T a x ( M a n a g e m e n t ) Act , 1912, as amended by subsequen t Acts and in t h e m a n n e r there in prescr ibed income t ax for t he year of income end ing on the th i r t i e th day of J u n e , one thousand n ine h u n d r e d a n d twenty-seven , a t the ra te of t h ree shil l ings in t he pound on the a m o u n t of t h e t axab le income of any company Tor t h a t year of income in lieu of income t a x a t t he r a t e of two shil l ings and s ixpence in t he pound as provided in the said section.

of section five of the Income Tax Act , 1927. S Y D N E Y

(2) N o t h i n g in th is Ac t shall affect t he provisions