No 10: TFN Reports for Closely held Trusts – due 31 July 2012
As outlined in Client Alert no 6 – TFN Withholding for Closely held Trusts, the government introduced legislation which applies from 1 July 2010 which requires “closely held trusts” to withhold tax from distributions to beneficiaries where the beneficiary has not provided its tax file number (TFN) to the trust and the trust has not
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