Australian tax definition

Australian tax means tax imposed by Australia; and

Australian tax means tax imposed by Australia, being tax to which this Agreement applies by virtue of Article 2;

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.

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.

• 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.

• The Australian tax loss carry-forwards primarily result from current and prior year tax deductions for contributions to AICF.

• The Holder will then generally be entitled to a tax offset for the foreign tax, capped at the lesser of the amount of Australian tax payable on the total of that type of foreign income and the foreign tax.If the trust is a public trading trust, the trust will be treated as a company and distributions will be deemed to be dividends so that the tax consequences described in the Section 5.2.4(a) “Dividends” above will generally apply.

• For example, income received by the Fund from foreign sources may be subject to tax in the country of source, and Australian tax resident investors may be entitled to claim a foreign income tax offset against their Australian tax liability in respect of their share of the foreign tax paid.

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 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

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

Australian tax means income tax;

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.