Taxation Administration Act 1953

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

Note: See section 3AA .

Chapter 4 - Generic assessment, collection and recovery rules  

PART 4-15 - COLLECTION AND RECOVERY OF TAX-RELATED LIABILITIES AND OTHER AMOUNTS  

Division 263 - Mutual assistance in the administration of foreign tax laws  

Subdivision 263-A - Foreign revenue claims  

Guide to Subdivision 263-A

SECTION 263-5   WHAT THIS SUBDIVISION IS ABOUT  


This Subdivision can be activated if there is in force an agreement between Australia and a foreign country or territory that contains an article relating to assistance in collection of foreign tax debts.

The Commissioner can collect from an entity an amount in respect of a tax debt that the person owes to such a country or territory or take action to conserve assets of the entity.

The Commissioner is required to remit amounts collected to the foreign country or territory concerned.


TABLE OF SECTIONS
TABLE OF SECTIONS
Operative provisions
263-10 Meaning of foreign revenue claim
263-15 Requirements for foreign revenue claims
263-20 Foreign Revenue Claims Register
263-25 Registering claims
263-30 When amount is due and payable
263-35 Amending the Register, etc
263-40 Payment to competent authority


 

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