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 18 - Recipient ' s entitlements and obligations  

Subdivision 18-A - Crediting withheld amounts  

SECTION 18-1   WHAT THIS SUBDIVISION IS ABOUT  


In general, an entity:

  • · that receives a withholding payment (except one covered by section 12-215 , 12-250 or 12-285 , Subdivision 12-FC , or subsection 12-390(4) ); or
  • · that is the foreign resident for which a withholding payment covered by section 12-215 , 12-250 or 12-285 , Subdivision 12-FC , or subsection 12-390(4) , (or a part of it) is received;
  • is entitled to a credit for the amount withheld from the withholding payment.

    However, if that entity is a partnership or trust, a partner, beneficiary or trustee may be entitled to the credit.

    This Subdivision tells you:

  • · who is entitled to a credit; and
  • · how to work out the amount of the credit.
  • How a credit is applied is set out in Division 3 of Part IIB .


     

    Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited

    CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.

    The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.