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Taxation of Financial ArrangementsDESCRIPTION
Exposure Draft Amendments to the Taxation of Financial Arrangements Stages 3 and 4 January 2013. On 29 June 2010, the then Assistant Treasurer announced that the Government would amend the TOFA tax rules to further lower compliance costs and provide additional certainty to affected taxpayers. The proposed amendments are the outcome of ongoing monitoring of the implementation of the TOFA regime, and were announced following extensive consultation with industry. The legislation in this exposure draft.CONTENT
This website tofa.treasury.gov.au states the following, "Exposure Draft Amendments to the Taxation of Financial Arrangements Stages 3 and 4 January 2013." We analyzed that the website said " On 29 June 2010, the then Assistant Treasurer announced that the Government would amend the TOFA tax rules to further lower compliance costs and provide additional certainty to affected taxpayers." It also stated " The proposed amendments are the outcome of ongoing monitoring of the implementation of the TOFA regime, and were announced following extensive consultation with industry. The legislation in this exposure draft."