Form 1040 Tax Organizer

Consistent with section 99(1), the Income Tax Regulations, 1993 require tax at the rate of 25% of the gross amount of any lump sum payment made by a complying superannuation fund to be withheld from the payment. Under section 159(2), the tax withheld on a lump sum superannuation payment made by complying superannuation fund is a final tax and ... ................
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