Issue: Correction to section 139C(1D) 35 Issue: Minor drafting issues 35 Provisional tax attribution 37 Issue: Support for the proposals 37 Issue: The proposal is overly complex and mechanical in nature 37 Issue: Clarification of elections 38 Issue: The provisional tax amount attributed to the company 39 Issue: Consequences of an insolvent liquidation 39 Issue: Tax pooling 40 Issue: Consideration of consequences of the shareholder-employee ceasing to receive a salary 40 Issue: Date of election 40 Company becoming a provisional taxpayer 41 Issue: Minor drafting issues 41 Allowing contractors to elect their own withholding rate 42 Issue: Support for proposed amendment 42 Issue: Non-declaration rate for schedular payments 42 Issue: Minimum rate 43 Issue: Repeatedly switching withholding rates 43 Issue: Safeguards for prescribed rate 44 Issue: Maximum prescribed rate 45 Issue: Published guidance on prescribed rate 45 Issue: Schedular notification 46 Issue: Services performed before 1 April 2017 46 Issue: Recognition of incorrect rates 47 Issue: Minor drafting issues 47 Extending withholding to labour-hire firm contractors 48 Issue: Support for proposed amendment 48 Issue: Wider review needed 48 Issue: Need for greater clarity 48 Issue: Alignment with attribution rule for personal services income 49 Issue: Exemption certificates 50 Clarifying special tax rates of 0% 51 Issue: Company exemption for labour-hire firm contractors 51 Issue: Exemption for certain professional services firms 52 Issue: Minor drafting issues 52 Voluntary withholding agreements 54 Issue: Support for the proposed amendment 54 Issue: Company exemption for voluntary withholding agreements 54 Issue: Requirement for valid agreement 55 Issue: Other payments 55 Issue: Placement of voluntary withholding provision 56 Late payment penalties 57 Issue: Support for the amendment 57 Issue: Instalment arrangements credited against core tax 57 Issue: Commissioner discretion to impose penalties and UOMI 58 Issue: Imposition of late payment penalties on other civil penalties 58 Issue: Minor drafting issue 59 Disclosing reportable unpaid tax to credit reporting agencies 61 Issue: Support for the amendment 61 Issue: May limit commercial lending by banks 61 Issue: Formal notification 62 Issue: Safeguards for disclosing taxpayer information 62 Issue: Remedies for error 63 Threshold for initial disclosure 64 Issue: Disclose where there is repeated non-compliance 65 Issue: Amending the threshold amount using an Order in Council 65
Issue: Correction to section 139C(1D) 35 Issue: Minor drafting issues 35 Provisional tax attribution 37 Issue: Support for the proposals 37 Issue: The proposal is overly complex and mechanical in nature 37 Issue: Clarification of elections 38 Issue: The provisional tax amount attributed to the company 39 Issue: Consequences of an insolvent liquidation 39 Issue: Tax pooling 40 Issue: Consideration of consequences of the shareholder-employee ceasing to receive a salary 40 Issue: Date of election 40 Company becoming a provisional taxpayer 41 Issue: Minor drafting issues 41 Allowing contractors to elect their own withholding rate 42 Issue: Support for proposed amendment 42 Issue: Non-declaration rate for schedular payments 42 Issue: Minimum rate 43 Issue: Repeatedly switching withholding rates 43 Issue: Safeguards for prescribed rate 44 Issue: Maximum prescribed rate 45 Issue: Published guidance on prescribed rate 45 Issue: Schedular notification 46 Issue: Services performed before 1 April 2017 46 Issue: Recognition of incorrect rates 47 Issue: Minor drafting issues 47 Extending withholding to labour-hire firm contractors 48 Issue: Support for proposed amendment 48 Issue: Wider review needed 48 Issue: Need for greater clarity 48 Issue: Alignment with attribution rule for personal services income 49 Issue: Exemption certificates 50 Clarifying special tax rates of 0% 51 Issue: Company exemption for labour-hire firm contractors 51 Issue: Exemption for certain professional services firms 52 Issue: Minor drafting issues 52 Voluntary withholding agreements 54 Issue: Support for the proposed amendment 54 Issue: Company exemption for voluntary withholding agreements 54 Issue: Requirement for valid agreement 55 Issue: Other payments 55 Issue: Placement of voluntary withholding provision 56 Late payment penalties 57 Issue: Support for the amendment 57 Issue: Instalment arrangements credited against core tax 57 Issue: Commissioner discretion to impose penalties and UOMI 58 Issue: Imposition of late payment penalties on other civil penalties 58 Issue: Minor drafting issue 59 Disclosing reportable unpaid tax to credit reporting agencies 61 Issue: Support for the amendment 61 Issue: May limit commercial lending by banks 61 Issue: Formal notification 62 Issue: Safeguards for disclosing taxpayer information 62 Issue: Remedies for error 63 Threshold for initial disclosure 64 Issue: Disclose where there is repeated non-compliance 65 Issue: Amending the threshold amount using an Order in Council 65
2016-or-bteirm.docx