Treasury Laws Amendment (International Tax Agreements) Bill 2019 passed – giving legislative force to the Australia-Israel DTA and introducing a domestic ‘deemed source rule’, for DTA purposes

On 14 Nov 2019, Parliament passed legislation to give effect to the new Australia-Israel Double Tax Agreement, and introduce a new Div 764 into our Domestic law, for DTA purposes.

See below for a summary of the Bill (as passed).

[Tax Month – November 2019]