1 January 2013

Published on 28 December 2012, the Income Tax (Tax Incentives for Partnerships) Regulations 2012, with the exception of regulation 4, are operationally effective on 1 April 2008. Regulation 4 shall come into operation on 28 December 2012.

The Regulations cover:
1. Citation and commencement
2. Definitions
3. Manner in which concessionary rate of tax may be accorded to individual partner
4. Changes in composition of partnership or approved partnership
5. Application of section 13H
6. Application of section 13s
7. Application of section 19B
8. Application of section 43Y
9. Application of section 43ZA

Source: Government Gazette