Summary
Introduced with the Excise Tariff Amendment (Collecting Tobacco Duties at Manufacture) Bill 2018, the bill amends the:
Income Tax Assessment Act 1997
to remove the income tax deduction for certain payments if the associated withholding obligations have not been complied with;
Taxation Administration Act 1953
to require entities providing road freight, information technology or security, investigation or surveillance services that have an ABN to report to the Australian Taxation Office information about transactions in which other entities are engaged to undertake those services on their behalf; and
Excise Act 1901
and
Taxation Administration Act 1953
to establish a framework to make excise duty on tobacco due and payable at the time of manufacture.