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For more information on the tax treatment of attributed income, see.The business registration fees for 2013-14 are waived.Back to top, waiving business registration fees for 2013/14.All our, life Insurance Plans, buy Life Insurance and Save Tax.If you have paid foreign tax in another country, you may be entitled to an Australian foreign income tax offset, which provides relief from double taxation.10 (10)D Under Sec.Income tax personal and age-related allowances.To apply for personal assessment, if eligible, the taxpayer should complete Part 6 of his tax return for individuals (BIR60).Tax return for individuals 2014 (NAT 2541, PDF, 374KB).(2) raising the deduction ceiling for expenses of self-education from 60,000 to 80,000.Across all income slabs, upto,.For personal assessment, single taxpayers will each be subject to the ceiling.The foreign income tax offset applies to imposed on all forms of income, profits and gains (including gains of a capital nature) and to all taxpayers, whether individuals or other entity types.The above-mentioned tax benefits are subject to changes in the tax laws.If you paid foreign income tax after the year in which the related income or gains have been included in your Australian tax return, you can claim the offset by requesting an for that year.FAQ 9 to 10 and, example.For more details, please refer to implementation details of the tax reduction for the year of assessment 2012/13.Excess balance, if any, will be refunded.
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