Income Tax Assessment Act 1936
PART III
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LIABILITY TO TAXATION
Division 15
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Insurance with non-residents
SECTION 143
143
TAXABLE INCOME OF NON-RESIDENT INSURER
The insurer shall be deemed to have derived in any year, in respect of the premiums paid or payable in that year under such contracts, a taxable income equal to 10% of the total amount of such premiums:
The insurer shall be deemed to have derived in any year, in respect of the premiums paid or payable in that year under such contracts, a taxable income equal to 10% of the total amount of such premiums:
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