Taxation Determination

TD 2000/49A - Addendum

Income tax: are payments made by members of a body corporate in respect of that membership subject to Pay As You Go withholding?

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Addendum

This Addendum amends Taxation Determination TD 2000/49 to:

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change the reference to Miscellaneous Taxation Ruling MT 2000/1, which was withdrawn on 13 December 2006 and replaced by Miscellaneous Taxation Ruling MT 2006/1; and

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reflect the introduction of regulation 29-80.01 of A New Tax System (Goods and Services Tax) Regulations 1999. The effect of this regulation in relation to section 12-190 of Schedule 1 to the Taxation Administration Act 1953 is that there is no requirement to withhold an amount from a payment where the payment, or total of all the payments, for a supply does not exceed $75, exclusive of GST. This is an increase from $50.

TD 2000/49 is amended as follows:

1. Paragraph 4

Omit the second dot point; substitute:

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Miscellaneous Taxation Ruling MT 2006/1 which looks at the meaning of entity carrying on an enterprise for the purposes of entitlement to an ABN.

2. Paragraph 6

Omit '$55'; substitute '$82.50'.

3. Related rulings

Omit 'MT 2000/1;'; substitute 'MT 2006/1'.

Paragraphs 1 and 3 of this Addendum apply on and from 13 December 2006.

Paragraph 2 of this Addendum applies on and from 1 July 2007.

Commissioner of Taxation
1 August 2007

References

ATO references:
NO 2006/20258