I move:
(1) That income tax shall be charged for the year beginning on the 6th day of April, 1972, and for each subsequent year beginning on the 6th day of April, and shall be so charged at the rate of 35 per cent.
(2) That sur-tax shall be charged for the year beginning on the 6th day of April, 1972, and for each subsequent year beginning on the 6th day of April, in respect of the income for any such year of any individual the total of which from all sources for that year exceeds the aggregate of—
(a) £2,500, and
(b) the amount of any deductions to which the individual is entitled for that year under section 523 of the Income Tax Act, 1967 (No. 6 of 1967).
and shall be so charged in respect of the excess at the following rates, that is to say:
|
for every pound of the first £2,000 of the excess |
15 per cent |
|
for every pound of the next £2,000 of the excess |
30 per cent |
|
for every pound of the remainder of the excess |
45 per cent |
(3) It is hereby declared that it is expedient in the public interest that this Resolution shall have statutory effect under the provisions of the Provisional Collection of Taxes Act, 1927 (No. 7 of 1927).