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The Assistant Treasurer, Senator Nick Sherry, has today announced the Rudd Government will introduce legislation to allow tax deductions for gifts to the Bali Peace Park Association Inc.

The Association was established to raise funds to acquire the Sari Club site in Bali and create a garden in memory of the victims of the terrorist bomb attack on 12 October 2002.

“The 2002 Bali disaster was a tragedy that affected the whole of Australia and the Rudd Government commends the Association on its work in remembering the victims,” the Assistant Treasurer said.

“The listing of the Association as a deductible gift recipient will assist the Association to attract funds for this purpose.”

“The Government wishes the Association well in its efforts to preserve the Sari Club site as a fitting memorial to those who tragically lost their lives.”

“Subject to the legislation’s passage through Parliament, deductions for gifts to the Association will apply for a period of 2 years from today.”

Legislation to amend the Income Tax Assessment Act 1997 to give effect to this announcement will be introduced as soon as practicable.

Bali is a dream destination for travelers especially for those who are beach enthusiasts. If you are planning on your Bali vacations, it is necessary to know the different exciting beaches where you can have the most enjoyable time ever. Beaches in Bali are famous around the world.

Bali has, over the past few years, seen a large increase in the number of private Bali villas available for holiday rent. The market price for villa rental nowadays is getting lower maybe because of the recession, although the budget is down but the market share is increasing from last year.

The term ‘private villa’ as an accommodation alternative on the island of Bali immediately conquers up thoughts of a level of luxury that is simply beyond the means of the average traveler. However, contrary to popular belief staying in a villa, especially with family and friends, can actually be an affordable choice.

These alternatives to hotel or resort accommodation often offer exceptional quality and high standards. It is important for the holidaymaker to know how to find an appropriate villa, and to understand the pricing structures generally in place, in order to be sure of securing an enjoyable, clean and properly serviced villa at the right price.

The price for villa rental in Bali today’s actually a bit higher than last year, this is because the government now carefully inspect each villa for its legality and for its taxes. Before lots villa owner doesn’t have a legal paper to conduct business in villa rental so they do not paying taxes to government therefore they could lower their villa selling price. But this year things have changed. Now there all must pay taxes and the price of villa rental in Bali is steady.