Land and Income Tax (Annual) Act 1968

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Land and Income Tax (Annual) Act 1968

Tax Rates

Sections 2, 3, 4 and 5 fix the rates of land tax, ordinary and social security income tax, excess retention tax and bonus issue tax for the year commencing 1 April 1968. The 10 percent - maximum $200 - ordinary income tax rebate for individuals and the land tax rebate of 50 percent of tax assessed continue.