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27 Jun 12 Managed Investment Trust Withholding Tax Bills passed by House

On 26 June 2012, the House of Representatives passed Tax Laws Amendment (Managed Investment Trust Withholding Tax) Bill 2012 and Income Tax (Managed Investment Trust Withholding Tax) Amendment Bill 2012 without amendment.

The Bills give effect to the increase in the managed investment trust (MIT) final withholding tax rate from 7.5% to 15%.

The Bills now proceed to the Senate.


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