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

  • enacted
41 New section RA 6C inserted (Withholding and payment obligations for residential land)

After section RA 6B, insert:

RA 6C Withholding and payment obligations for residential land
RLWT: vendors

(1)

A person described in section RL 2 (Vendors: who must pay, and how?) must pay RLWT for a residential land purchase amount to the Commissioner under subpart RL (Residential land withholding tax) by the due date.

RLWT: associated persons

(2)

A person described in section RL 3 (Associated persons: who must pay, and how?) must withhold and pay RLWT for a residential land purchase amount to the Commissioner under subpart RL by the due date.

Defined in this Act: pay, residential land purchase amount, RLWT