Document ID: chunk:federal_register_of_legislation:F2023N00559:reg:5
Version: federal_register_of_legislation:F2023N00559
Segment Type: reg
Provision Reference: reg 5
Character Range: 2029–2558

5  Entry into force of Australia-Iceland Tax Treaty
  For the purposes of subsection 4A(2) of the Act, the Icelandic convention entered into force on 6 November 2023.
Note: Entry into force on 6 November 2023 has the effect that the Icelandic convention shall apply, in the case of Australia, to:
(a) withholding taxes from 1 January 2024;
(b) fringe benefits tax from 1 April 2024; and
(c) other Australian taxes to which the convention applies from 1 July 2024.
For further details – see Article 29 of the Icelandic convention.