INCOME TAX ASSESSMENT ACT 1936

PART III - LIABILITY TO TAXATION  

Division 11C - Payments in respect of mining operations on Indigenous land  

SECTION 128V   LIABILITY TO MINING WITHHOLDING TAX  

128V(1)   [Imposition of withholding tax]  

Where a mining payment is made to, or applied for the benefit of, a person, that person is liable to pay income tax on the amount of the mining payment at the rate declared by the Parliament for the purposes of this section.

128V(2)   [Withholding tax in addition to other tax]  

Income tax payable by a person in accordance with this section is in addition to any other income tax payable by that person upon amounts that are not mining payments.


View surrounding sectionsView surrounding sectionsBack to top


This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.