Division 2—Transitional matters relating to the Treasury Laws Amendment (2018 Measures No. (1) For the purposes of paragraph 12‑315(1)(b) in Schedule 1 to the Act, a payment made under a contract entered into after 30 June 2004 (including payments to subcontractors) for works or related activities is prescribed.
has the meaning given by section 255‑1 in Schedule 1 to the Act.
You are free to copy, adapt, modify, transmit and distribute this material as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products). (b) the charge for the valuer reviewing a valuation is the amount that the Commissioner is required to pay the valuer for reviewing the valuation. Businesses in Australia may be required to report to the Australian Taxation Office (ATO), the Australian Securities and Investments Commission (ASIC) and/or the Australian Securities Exchange (ASX). ����RǠP�� �J-� �"��(��7��!
The amount to be withheld under subsection 12‑320(1) in Schedule 1 to the Act from a mining payment is an amount equal to 4% of the amount of the payment. If the operation of a provision or amendment of the compiled law is affected by an application, saving or transitional provision that is not included in this compilation, details are included in the endnotes. other party, to a double tax agreement or international tax sharing treaty, has the meaning given by section 45. preferred address for service has the meaning given by subsection 15(1). You are free to copy, adapt, modify, transmit and distribute this material as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products). (2) If a double tax agreement, not being an agreement to which subsection (1) applies, includes a provision that has the force of law because of the International Tax Agreements Act 1953, and limits the amount of Australian tax payable in respect of a dividend, the other party to the agreement is a double tax country. 0 (ii) the individual has not held any other such property interests since that time. (a) the payment from which that amount is to be withheld is a franked distribution; and. (1) This section applies to an amount that is required by section 12‑315 in Schedule 1 to the Act to be withheld from a payment prescribed by section 31. Use the links below for more information: Note: The 'In detail' section in the left menu provides links to legislation and supporting documents for specific new measures and, where available, details of the ATO's proposed administrative approach in the lead up to implementation of the relevant legislation. Before calling us, visit COVID-19, Tax time essentials, or find answers to our Top call centre questions.
(2) The amount to be withheld is reduced by the amounts already withheld from the payment. Subdivision B—Withholding amounts for Subdivision 12‑F. For more information on any modifications, see the series page on the Legislation Register for the compiled law. (a) an acquisition that is permitted by the international agreement relevant to the entity; and, (i) a thing the supply of which is a taxable supply; or. (5) The entity must use the taxable supply acquired by the entity in accordance with the terms of the international agreement to which the entity is subject.
The legislation history in endnote 3 provides information about each law that has amended (or will amend) the compiled law. Act means the Taxation Administration Act 1953. assessable FHSS released amount has the meaning given by subsection 995‑1(1) of the Income Tax Assessment Act 1997. double tax agreement means an agreement within the meaning of the International Tax Agreements Act 1953. double tax country has the meaning given by section 43. effective, in relation to an address, has the meaning given by subsection 15(3). %%EOF Make sure you have the information for the right year before making decisions based on that information. For more information about any editorial changes made in this compilation, see the endnotes. (1) The amount to be withheld under section 12‑140 or 12‑145 in Schedule 1 to the Act from a payment made in respect of a Part VA investment is an amount equal to the product of the top rate and the amount of the payment.
If you feel that our information does not fully cover your circumstances, or you are unsure how it applies to you, contact us or seek professional advice. The amount to be withheld from a payment of salary, wages, commission, bonuses or allowances under section 12‑319A in Schedule 1 to the Act is an amount equal to 15% of the amount of the payment.