Miscellaneous 2007

Section 128F exemption from interest withholding tax - recent developments

Source: New South Wales

Published Date: 19 Sep 2007


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Recent amendments have narrowed the scope of the interest withholding tax exemption in section 128F of the Income Tax Assessment Act 1936 (Cth) in relation to 'debt interests' which are not in the form of debentures. The amendments, contained in Tax Laws Amendment (2007 Measures No. 3) Act 2007 (Cth), mean that only certain types of non-debenture debt interests will be eligible for the exemption.

Individual Session

Withholding tax considerations

Author(s): Justin Cherrington , Tim Sherman CTA , David Anderson , James Willis , John King CTA


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Miscellaneous 2007

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