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2018-19 Budget Black Economy Measure- Removing tax deductibility of certain payments

The Government has released for public consultation exposure draft legislation and explanatory memorandum to remove tax deductibility of certain payments – including payment of wages and payments to contractors – if the entity making the payment fails to comply with its obligations to withhold and report information to the Commissioner of Taxation.

Stakeholders are invited to comment on the exposure draft legislation and explanatory material. The closing date for submissions is Friday 17 August 2018.

Responding

You can submit responses to this consultation up until 17 August 2018.

Interested parties are invited to comment on this consultation.

While submissions may be lodged electronically or by post, electronic lodgement is preferred. For accessibility reasons, please submit responses sent via email in a Word or RTF format. An additional PDF version may also be submitted.

All information (including name and address details) contained in submissions will be made available to the public on the Treasury website unless you indicate that you would like all or part of your submission to remain in confidence. Automatically generated confidentiality statements in emails do not suffice for this purpose. Respondents who would like part of their submission to remain in confidence should provide this information marked as such in a separate attachment.

Legal requirements, such as those imposed by the Freedom of Information Act 1982, may affect the confidentiality of your submission.

How to respond

Post

Address written submissions to:

Kathleen de Kleuver
Black Economy Division
The Treasury
Langton Crescent
PARKES ACT 2600