COMMISSIONER OF TAXATION
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 RULINGS | ||
Ruling Number | Subject | Brief Description |
CR 2016/91 | Fringe benefits tax: employers using the Fleetsu Vehicle Log Book System for car log book and odometer records | The Ruling sets out the Commissioner’s opinion for employees who use the Fleetsu Log Book System, a GPS system for car log book record and odometer record keeping requirements. The Ruling applies from 1 July 2016 to 30 June 2021. |
CR 2016/92 | Income tax: leave - Deferred Salary Scheme for employees of St Peter’s College in Adelaide | The Ruling sets out the Commissioner’s opinion for employees of St Peter’s College in Adelaide who participate in the Deferred Salary Scheme. The Ruling applies from 22 September 2016. |
NOTICE OF ADDENDA | ||
Ruling Number | Subject | Brief Description |
GSTR 2003/15 | Goods and services tax: importation of goods into Australia | The Addendum amends Goods and Services Tax Ruling GSTR 2003/15 to reflect amendments made to the A New Tax System (Goods and Services Tax) Act 1999 by the Tax and Superannuation Laws Amendment (2016 Measures No.1) Act 2016 in relation to the calculation of the value of a taxable importation that is made on or after 1 October 2016. The Addendum also makes further minor amendments to GSTR 2003/15 and updates the references section. The Addendum applies on and from 1 October 2016. |
TR 2002/5 | Income tax: Permanent establishment - What is 'a place at or through which [a] person carries on any business' in the definition of permanent establishment in subsection 6(1) of the Income Tax Assessment Act 1936? | The Addendum amends Taxation Ruling TR 2002/5 to update it for the removal of the term ‘permanent establishment’ from the A New Tax System (Goods and Services Tax) Act 1999 as part of the Tax and Superannuation Laws Amendment (2016 Measures No. 1) Act 2016. The Addendum applies on and from 1 October 2016. |
NOTICE OF WITHDRAWALS | ||
Ruling Number | Subject | Brief Description |
TD 94/49 | Income tax: can convertible notes qualify as infrastructure borrowings? | Withdrawn with effect from 7 December 2016. |
TD 94/51 | Income tax: when does the exemption period commence in relation to a direct or indirect infrastructure borrowing? | Withdrawn with effect from 7 December 2016. |
TD 94/52 | Income tax: can funds be raised through an infrastructure borrowing before expenditure is contractually required to be made for the construction of an infrastructure facility, or the construction or acquisition of a related facility? | Withdrawn with effect from 7 December 2016. |
TD 94/53 | Income tax: what is an appropriate treatment for funds that have been raised under an infrastructure borrowing, but which are not immediately used? | Withdrawn with effect from 7 December 2016. |
TD 94/80 | Income tax: is an investor who borrows to fund the purchase price of infrastructure borrowings, entitled to a deduction under subsection 51(1) of the Income Tax Assessment Act 1936 for any interest incurred by the investor for that purpose? | Withdrawn with effect from 7 December 2016. |
TD 95/59 | Income tax: infrastructure borrowings: is a rebate in accordance with section 159GZZZZG available where interest from infrastructure lending is exempt under section 159GZZZZE and is partially exempt under another provision? | Withdrawn with effect from 7 December 2016. |
TD 2003/24 | Income tax: Simplified Tax System (STS): what amount is returned as assessable income by an STS taxpayer in relation to an assessable payment to them that has been subject to the Pay As You Go withholding rules in Division 12 of Schedule 1 to the Taxation Administration Act 1953? | Withdrawn with effect from 7 December 2016. |
TD 2003/25 | Income tax: Simplified Tax System (STS): does paragraph 328-105(1)(a) of the Income Tax Assessment Act 1997 (ITAA 1997) apply to an amount received by an STS taxpayer, but not yet derived as ordinary income under the ordinary operation of section 6-5 of the ITAA 1997? | Withdrawn with effect from 7 December 2016. |
TD 2003/26 | Income tax: Simplified Tax System (STS): for which income year should an STS taxpayer claim an income tax deduction for an amount withheld under the Pay As You Go withholding rules in Division 12 of Schedule 1 to the Taxation Administration Act 1953? | Withdrawn with effect from 7 December 2016. |
TD 2003/29 | Income tax: Simplified Tax System (STS): can an entity that has notified the Commissioner of its choice to stop being an STS taxpayer for an income year, later cancel that choice for that year? | Withdrawn with effect from 7 December 2016. |
TD 2003/30 | Income tax: Simplified Tax System (STS): can an entity that has notified the Commissioner of its choice to become an STS taxpayer for an income year later revoke that choice in respect of that year? | Withdrawn with effect from 7 December 2016. |
TD 2003/31 | Income tax: Simplified Tax System (STS): can an entity notify the Commissioner of its choice to become, or stop being, an STS taxpayer for an income year, after it has lodged that year's income tax return? | Withdrawn with effect from 7 December 2016. |
TD 2005/4 | Income tax: section 8-1 of the Income Tax Assessment Act 1997: refinancing a capital protected loan facility: interest deductibility | Withdrawn with effect from 7 December 2016. |
TD 2005/5 | Income tax: section 8-1 of the Income Tax Assessment Act 1997: capital protected loan facility with a reset feature: interest deductibility | Withdrawn with effect from 7 December 2016. |
TD 2005/6 | Income tax: section 8-1 of the Income Tax Assessment Act 1997: capital protected loan facility with a trading feature: interest deductibility | Withdrawn with effect from 7 December 2016. |
TD 2005/7 | Income tax: section 8-1 of the Income Tax Assessment Act 1997: capital protected loan facility with a call option writing feature: interest deductibility | Withdrawn with effect from 7 December 2016. |