COMMISSIONER OF TAXATION
The Commissioner of Taxation, Chris Jordan, gives notice of the following Rulings, copies of which can be obtained from Branches of the Australian Taxation Office or at http://law.ato.gov.au.
NOTICE OF RULINGS | ||
Ruling Number | Subject | Brief Description |
TD 2016/14 | Income tax: is an outgoing incurred by a business taxpayer for a gift provided to a former or current client deductible under section 8-1 of the Income Tax Assessment Act 1997? | The Determination sets out the Commissioner’s position on business entitlements to a deduction for gifts to former or current clients. The Determination applies both before and after its date of issue. |
TD 2016/15 | Income tax: is an employer entitled to a deduction under section 8-1 of the Income Tax Assessment Act 1997 for the annual fee incurred on an airport lounge membership for use by its employees? | The Determination sets out the Commissioner’s position on employers entitlement to a deduction for the annual fees incurred on an airport lounge membership for use by its employees. The Determination applies both before and after its date of issue. |
CR 2016/55 | Income tax: Searoad Ferries Early Retirement Scheme. | The Ruling sets out the Commissioner’s opinion for employees who take part in an early retirement scheme. The Ruling applies from 27 June 2016. |