House of Representatives
International Tax Agreements Amendment Bill 2003
Explanatory Memorandum
(Circulated by authority of the Treasurer, the Hon Peter Costello, MP)Glossary
The following abbreviations and acronyms are used throughout this explanatory memorandum.
| Abbreviation | Definition |
|---|---|
| 2003 United Kingdom convention | Convention between the Government of Australia and the Government of United Kingdom of Great Britain and Northern Ireland for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with Respect to Taxes on Income and on Capital Gains |
| 2003 United Kingdom Notes | Exchange of Notes associated with the Convention between the Government of Australia and the Government of United Kingdom of Great Britain and Northern Ireland for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with Respect to Taxes on Income and on Capital Gains |
| A Tax System Redesigned | Review of Business Taxation: A Tax System Redesigned |
| A$ | Australian dollars |
| Agreements Act | International Tax Agreements Act 1953 |
| ATO | Australian Taxation Office |
| Commissioner | Commissioner of Taxation |
| FBT | fringe benefits tax |
| GATS | General Agreement on Trade in Services |
| GDP | gross domestic product |
| GST | goods and services tax |
| ITAA 1936 | Income Tax Assessment Act 1936 |
| ITAA 1997 | Income Tax Assessment Act 1997 |
| Mexican agreement | Agreement between the Government of Australia and the Government of the United Mexican States for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with Respect to Taxes on Income |
| OECD | Organisation for Economic Co-operation and Development |
| OECD Model | OECD Model Tax Convention on Income and on Capital |
| tax treaty | includes double tax agreement and double tax convention |
| Treasury | The Commonwealth Department of the Treasury |
| UN Model | United Nations Model Double Taxation Convention between Developed and Developing Countries |