In 1997 and 1999 important changes were made to the interest withholding tax (IWT) provisions of the Income Tax Assessment Acct 1936. These changes include amendments to the exemption available under section 128F of the Act. This presentation outlines : Extended definition of "interest"; The pre-July withholding tax liability; What the TLAA2 1997 Amendments do; The Government's response; When a 128F IWT exemption is available; The "public offer" test; Offers by dealers; ATO guidance; The problem with associates; The bearer debenture rules problem; What are the practical advantages of the new regime; What records should be kept; PAYG reforms
Miscellaneous
1999
Withholding tax developments
Source: New South Wales
Published Date: 14 Oct 1999
Details
- Published By: David Temby
- Published On:14 Oct 1999
- Took place at:Menzies Hotel
The material is copyright. Apart any fair dealing for the purpose of private study, research criticism or review, as permitted under the copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.
Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.
The Tax Institute
(ABN 45 008 392 372 (PRV14016))
("TTI")
The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009.
Copyright Statement
All materials provided on this site are protected by copyright and are owned by or licensed to TTI.
Except as expressly permitted by TTI or the copyright owner, any person or company who uses this site must not use, reproduce, redistribute, retransmit, publish or otherwise transfer, or commercially exploit, the materials or any information, software or other content, in whole or in part, which is available through this site.
Tags
Miscellaneous
1999
Share this page