Dear XXXXX,
The Federal Government is undertaking an important consultation that may be of great interest to you. Advance will be commenting on the legislation and we take this opportunity to forward you this information if you also wish to comment.
Better targeting the income tax exemption for Australians working overseas
The Treasurer, the Hon Wayne Swan, has released exposure draft legislation to amend the current general income tax exemption for income earned in overseas employment. The exposure draft legislation implements announced changes to better target the exemption (provided by section 23AG of the Income Tax Assessment Act 1936).
Interested parties are invited to comment on the exposure draft legislation. While submissions may be lodged electronically or by post, electronic lodgement is preferred. For accessibility reasons, please submit responses sent via email in a Word or RTF format. An additional PDF version may also be submitted.
All information (including name and address details) contained in submissions will be made available to the public on the Treasury website unless you indicate that you would like all or part of your submission to remain in confidence. Automatically generated confidentiality statements in emails do not suffice for this purpose. Respondents who would like part of their submission to remain in confidence, should provide this information marked as such in a separate attachment. A request made under the Freedom of Information Act 1982 (Commonwealth) for a submission marked 'confidential' to be made available will be determined in accordance with that Act.
Please go to www.treasury.gov.au for background information and exposure draft legislation.
Closing date for submissions: Monday, 18 May 2009
Address written submissions to:
The Manager
International Tax Unit
International Tax and Treaties Division
The Treasury
Langton Crescent
PARKES ACT 2600
Fax: (02) 6263 4352
Email:
[email protected]
For inquiries, please call Greg Wood (02) 6263 3329
Kind Regards,
The Advance Team