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28 Jun 06 Income tax regs - tax withholding from certain payments

Taxation Administration Amendment Regulations 2006 (No 1) was made by the Governor-General on 22 June 2006 and registered on the Federal Register of Legislative Instruments on 26 June 2006. The purpose of the Regulations is to ensure the rates of withholding from certain payments for which TFNs and ABNs are not quoted align with the new top marginal tax rate of 45% (46.5% with Medicare Levy), which applies from 1 July 2006.

For a copy of Taxation Administration Amendment Regulations 2006 (No 1), go here

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