Taxation Ruling IT 2033A - Addendum - Bearer debentures - application of section 126 of the Income Tax Assessment Act 1936







In paragraph 2, delete the words: "of 55% of the interest paid on bearer securities." and insert the following words: | "at the prescribed rate as set out in section 6 of the Income Tax (Bearer Debentures) Act in respect of the interest paid on bearer securities. The rate of tax for interest paid or credited on or after 1 January 1990 is 47%." | Commissioner of Taxation 9 December 1993


Related rulings: IT 2033