Revenue Laws Amendment Bill 2018

Bill b37 2018 was promulgated as rates and monetary amounts and amendment of revenue laws act 2018 act no.

Revenue laws amendment bill 2018. Words underlined with a solid line indicate insertions in existing enactments. Amends the income tax assessment act 1997 to. Together with the taxation administration amendment bill 2018 1 the bill proposes amendments to among others the duties act 2 and the land tax act. Remove a double benefit that can arise in relation to certain deductible liabilities held by an entity that joins a consolidated group.

Draft taxation laws amendment bill. Revenue laws amendment bill 2018. The revenue laws amendment bill 2018 was introduced into the legislative assembly on 29 november 2018. Commencement 5 this act comes into operation as follows 6 a part 1 on the day on which this act receives the 7 royal assent assent day.

Qls is the peak professional body for the state s legal practitioners. The bill contains amendments to address significant duty leakage ensure certain taxpayer exemptions and concessions apply correctly and improve the efficiency. Revenue and other legislation amendment bill 2018 thank you for the opportunity to provide comments on the revenue and other legislation amendment bill 2018 the bill. The bill amends the duties act 2008 duties act the land tax assessment act 2002 and the pay roll tax assessment act 2002 the bill is complemented by the taxation administration amendment bill 2018.

1 page 2 1 part 1 preliminary 2 1. On 29 november 2018 the revenue laws amendment bill 2018 bill was introduced into the western australian wa parliament. The revenue laws amendment bill 2018 was introduced into the legislative assembly on 29 november 2018. 21 of 2018 on 17 january 2019 25 october 2017 tax administration laws amendment bill.

Short title 3 this is the revenue laws amendment act 2018. 8 b part 2. 3 the bill contains the next package of taxation austerity measures this time targeting duty leakage and tightening up. The bill contains amendments to address significant duty leakage ensure certain taxpayer exemptions and concessions apply correctly and improve the efficiency of the state s taxation legislation.

The queensland law society qls appreciates being consulted on this important piece of legislation. The purpose of this bill is to amend the duties act 2008 the land tax assessment act 2002 and the pay roll tax assessment act 2002. Prevent a double benefit from arising when an entity joins or leaves a. Bill to amend the income tax act 1962 to amend.

The revenue laws amendment bill 2018 bill was introduced into the western australian parliament on 29 november 2018.