Published on 01 Aug 19
by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE
On 26 June 2019, the Australian Taxation Office issued guidance in the form of a draft law companion ruling LCR 2019/D2 (the draft LCR) on the concept of “non-concessional MIT income” (NCMI) on which a withholding tax rate of 30% applies to fund payments made by a managed investment trust (MIT) from 1 July 2019, unless transitional rules apply.
- Current at
Christina is a Senior Manager, PricewaterhouseCoopers.
Current at 1 May 2015