On 23/05/2013,
you requested for the version in force on 23/05/2013
incorporating all amendments published on or before 23/05/2013.
The closest version currently available is that of 09/02/1990.
11. Section 42 of the principal Act is amended by deleting subsection (5) and substituting the following subsection:
“(5) Notwithstanding Part B of the Second Schedule, in respect of the chargeable income of a person other than an individual, the rate of tax applicable to that person on every dollar of his chargeable income shall be 32% where the effective rate of tax arrived at by dividing the income tax chargeable on his chargeable income by the amount of that income exceeds 32%:
Provided that for the years of assessment 1988 and 1989, the reference to 32% in this subsection shall be read as a reference to 33%.”.