Income tax 2015

Looking forward at 100 years: Where next for the income tax?

Source: Australian Tax Forum Journal Article

Published Date: 1 Dec 2015

 

In 2015, Australia's Commonwealth income tax reached its first century. The Income Tax Assessment Act No. 34 of 1915 and accompanying Income Tax Act No. 41 of 1915 were assented to on 13 September 1915, enacted by the King's Most Excellent Majesty, the Senate, and the House of Representatives of the Commonwealth of Australia and effective for the fiscal year commencing 1 July 1915.

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