The Commissioner of Taxation, Chris Jordan, gives notice of the following Rulings, copies of which can be obtained from http://ato.gov.au/law.
NOTICE OF RULING | ||
Ruling Number | Subject | Brief Description |
TR 2019/1 | Income tax: when does a company carry on a business? | TR 2019/1 finalises draft ruling TR 2017/D7 Income tax: when does a company carry on a business within the meaning of section 23AA of the Income Tax Rates Act 1986? It sets out the Commissioner’s view on when a company carries on a business within the meaning of ‘small business entity’ in section 23 of the Income Tax Rates Act 1986 as applicable in the 2015-16 and 2016-17 income years and section 328-110 of the Income Tax Assessment Act 1997. |