Draft Tax Determinations highlight tax obligations of agents and trustees
In brief: Two long-awaited draft Tax Determinations
released by the Australian Taxation Office highlight the obligations of
insolvency practitioners, and others who act as an agent or trustee, to
retain sufficient money to pay tax which is, or will become, payable on
any income, profits or gains arising from their appointment. Partners
Charles Armitage and Michael Quinlan and Senior Associate Joanne Langford
report.
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