Australian tax definition

Australian tax means tax imposed by Australia; and

Australian tax means any tax, levy, impost, duty or other charge or withholding of a similar nature (including any penalty or interest payable in connection with any failure to pay or any delay in paying any of the same) (Tax) imposed by an Australian taxing authority.

Australian tax means tax imposed by Australia, being tax to which this Convention applies by virtue of paragraphs 1 and 2 of Article 2;

Examples of Australian tax in a sentence

• It is a broad overview of some of the Australian tax consequences associated with investing in the Fund for a potential Australian resident investor.

• You are strongly advised to seek your own professional tax advice about the applicable Australian tax (including income tax, GST and duty) consequences and, if appropriate, foreign tax consequences which may apply to you based on your particular circumstances before investing in the Fund.

• Under Australian tax law, a holding of Units may give rise to taxable distributions even though investors may not receive distributions in cash to fund the tax liability.

• In particular, the use of secrecy laws to conceal assets and income that are subject to Australian tax is of concern to Australia.

• Australian tax will be withheld at prescribed rates from distributions to non-residents to the extent that the distributions comprise relevant Australian sourced income or gains.

More Definitions of Australian tax

Australian tax means tax imposed by Australia, being tax to which this Agreement applies by virtue of Article I;

Australian tax means income tax or withholding tax.

Australian tax means income tax;

Australian tax. ' means: (a) tax imposed by the Fringe Benefits Tax Act 1986; or (b) income tax imposed as such by any Act; or (c) sales tax imposed by any of the following Acts: (i) the Sales Tax Act (No. 5) 1930; (ii) the Sales Tax Act (No. 6) 1930; (iii) the Sales Tax Act (No. 7) 1930; (iv) the Sales Tax Act (No. 8) 1930.

Australian tax or "Japanese tax" shall not include any amount which represents a penalty or interest imposed under the laws of Australia or Japan, respectively, relating to the taxes to which the Convention applies.

Australian tax means a tax (however described) imposed under an* Australian law.

Australian tax means tax or a charge of a similar nature payable under the laws of the Commonwealth 5 of Australia or any State or Territory of Australia; and includes additional or other tax payable by way of penalty, interest, or otherwise by reason of acontravention of any of those laws or of a requirement made under any of those laws:". 10