Business Services Industry
A year's tax grace for MIS.
Australasian Business Intelligence, March, 2007
Byline: David McKenzie
Mar 28, 2007 (The Weekly Times - ABIX via COMTEX) -- Upfront tax concessions on non-forestry managed investment schemes (MIS) will not be removed until 1 July 2008. The Australian Taxation Office (ATO) had previously planned to remove the concessions on 1 July 2007. The one-year extension will disappoint the MIS sector, which had lobbied for three years. The Tax Commissioner, Michael D'Ascenzo, says the tax break could still be removed before 1 July 2008 if the ATO's views are upheld in test case.
Publication Date: 28 March 2007
AUSTRALIAN TAXATION OFFICE
TIMBERCORP LIMITED - ASX TIM
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