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Tax File Number Withholding Arrangements to Closely Held Trusts including Family Trusts

Author: Taxation Institute Of Australia

Published Date: 16 Feb 2010

 

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The Taxation Institute of Australia (Taxation Institute) is pleased to provide comments in relation to the exposure draft Exposure Draft Legislation Extending the Tax File Number Withholding (TFN Withholding) Arrangements to Closely Held Trusts including Family Trusts.

The Taxation Institute notes that the "mischief" intended to be addressed by the legislation as announced by Senator Sherry is to alleviate issues the Australian Taxation Office (ATO) has in matching data between Trust distributions and their beneficiaries.

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  • Published By:Taxation Institute Of Australia
  • Published On:16 Feb 2010

The material is copyright. Apart any fair dealing for the purpose of private study,

research critisism or review, as permitted under the copyright Act, no part may be rerpoduced 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.

This material is copyright. Apart from any fair dealing for the purpose of private study., research, critisism or review, as permitted under teh copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.

Unless expressly stated, opininons are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

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