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You are here: Australian Digital Collections / Classic Texts in Australian and International Taxation Law

   
CONTENTS

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PART I. — GENERAL DESCRIPTION OF INCOME-TAX SYSTEM1
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PART II. — METHODS OF TAXING FOREIGN AND NATIONAL ENTERPRISES
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A. FOREIGN ENTERPRISES
   
1. DEFINITION AND GENERAL PRINCIPLES
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2. TAXATION OF CERTAIN KINDS OF INCOME
   
(a) Dividends
   
(b) Interest
   
(c) Directors’ Percentages
   
(d) Royalties for Use of Patents, Copyrights, Trade-Marks, Secret Processes, Formulæ and Similar Income
   
(e) Rents from Real Estate, Mining Royalties and Similar Income
   
(f) Gain from the Purchase and Sale of Real Estate, Securities or Personal Property
   
(g) Salaries, Wages, Commissions and Other Remuneration for Services
   
(h) Income from a Trust
   
(i) Income from carrying on a Business or Industry through
   
B. NATIONAL ENTERPRISES
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PART III. — METHODS OF ALLOCATING TAXABLE INCOME
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Annex


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(c) Directors’ Percentages

47. Directors’ percentages are taxed at the source as profits of the company. The non-resident, whether an individual or company, receiving the tantième is exempt from tax.

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