Section Sch1-2 — Income Tax Act 2007: Taxable income: companies

2 Taxable income: companies To the extent to which a company does not have a basic rate under clauses 3 to 9 , the basic rate of income tax for the company on each dollar of the company’s taxable income is 0.28. Schedule 1 part A clause 2: amended (with effect on 1 April 2011), on 29 August 2011 (applying for the 2011–12 and later income years), by section 136(2) of the Taxation (Tax Administration and Remedial Matters) Act 2011 (2011 No 63). Schedule 1 part A clause 2: amended, on 1 April 2011 (applying for the 2011–12 and later income years), by section 97(1) of the Taxation (Budget Measures) Act 2010 (2010 No 27).