Taxation Administration Act 1953

SCHEDULE 1 - COLLECTION AND RECOVERY OF INCOME TAX AND OTHER LIABILITIES  

Note: See section 3AA .

Chapter 2 - Collection, recovery and administration of income tax  

PART 2-5 - PAY AS YOU GO (PAYG) WITHHOLDING  

Division 12 - Payments from which amounts must be withheld  

Subdivision 12-F - Dividend, interest and royalty payments  

General

SECTION 12-300  

12-300   LIMITS ON AMOUNT WITHHELD UNDER THIS SUBDIVISION  


This Subdivision does not require an entity:


(a) to withhold an amount from a *dividend, from interest (within the meaning of Division 11A of Part III of the Income Tax Assessment Act 1936 ) or from a *royalty if no *withholding tax is payable in respect of the dividend, interest or royalty; or


(b) to withhold from a dividend, from interest (within the meaning of that Division) or from a royalty more than the withholding tax payable in respect of the dividend, interest or royalty (reduced by each amount already withheld from it under this Subdivision).

Note:

Section 128B of the Income Tax Assessment Act 1936 deals with withholding tax liability.




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