Your shopping cart is empty

The Government will make a technical correction to clarify that the 6 year amendment period for taxpayers involved in tax avoidance arrangements is repealed only for the 2004-05 and later income years, in line with the Government’s original announcement.

An oversight in the recent legislation giving effect to a range of improvements to income tax self assessment resulted in the reduced amendment period for tax avoidance cases applying to income tax amended assessments issued from 19 December 2005, irrespective of the income years to which they relate.

This measure will ensure that the law operates in accordance with the Government’s announced policy of the new 4 year amendment period applying to assessments involving tax avoidance, for the 2004-05 and later income years.

See Budget Paper No 2, p 16

Media Release Search
Eg. TD 2005/D52 ALL words EXACT phrase WITHOUT words Date range
From To