18Rates of tax payable by companies

18 Rates of tax payable by companies

(1) Section 23 of the Principal Act is amended by omitting from paragraph (4)(b) “30%” and substituting “33%”. (2) The amendments made by subsection (1) apply to assessments in respect of income of the 1994-95 year of income, of the 1995-96 year of income, of the 1996‑97 year of income, of the 1997‑98 year of income, of the 1998‑99 year of income and of the 1999‑2000 year of income.