Taxation (Residential Land Withholding Tax, GST on Online Services, and Student Loans) Bill

  • enacted
35 Section BE 1 amended (Withholding liabilities)

(1)

After section BE 1(5B), insert:

Residential land purchase amount

(6)

A person described in section RL 3 (Associated persons: who must pay, and how?) must withhold an amount from a residential land purchase amount under the RLWT rules.

(2)

In section BE 1, in the list of defined terms, insert “residential land purchase amount” and “RLWT rules”.