This presentation focuses specifically on the consequences of failing to withhold on account of non resident withholding tax, and covers the following issues:
- loss/deferral of deductions
- Section 26-35 and section 82KK: how do they fit together?
- impact on franking credits available
- administrative sanctions
- penal sanctions
- flowing through trusts and trustee liabilities
- interface with Part IVA
- does the TAA language represent a change?