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19 Mar 09 International Tax Agreements No 1 Bill introduced

On 19 March 2009, International Tax Agreements Amendment Bill (No 1) 2009 was introduced into the House of Representatives.

The Bill amends the International Tax Agreements Act 1953 to give the force of law in Australia to the following tax agreements:
  • The Agreement between the Government of Australia and the Government of the British Virgin Islands for the Allocation of Taxing Rights with Respect to Certain Income of Individuals, which was signed in London on 27 October 2008; and
  • The Agreement between the Government of Australia and the Government of the Isle of Man for the Allocation of Taxing Rights with Respect to Certain Income of Individuals and to Establish a Mutual Agreement Procedure in Respect of Transfer Pricing Adjustments, which was signed in London on 29 January 2009.
For a copy of the Bill, go here.

For a copy of the Explanatory Memorandum, go here.

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