House of Representatives

Income Tax Assessment Amendment Bill 1990

Income Tax Assessment Amendment Act 1990

Explanatory Memorandum

(Circulated by authority of the Treasurer, the Hon. P.J. Keating, M.P.)

FINANCIAL IMPACT

The estimated gain to the revenue from the introduction of twice-monthly payment of tax instalment deductions is $550 million in 1989-90. This gain is in the form of a one off bring forward of revenue.

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