Private ruling: Payment for services
Published: August 2012
Ruling period: Year ended 30 June 2012
Date scheme commenced: 1 July 2011

Ruling: Q1: Are the amounts received from providing services assessable income? | A1: Yes

Relevant facts and circumstances: You were paid for services that you provided. You are a resident of Australia for tax purposes.

Relevant legislative provisions: Income Tax Assessment Act 1997 s ection 6-5

Reasons for decision: Summary: Section 6-5 of the Income Tax Assessment Act 1997 (ITAA 1997) provides that the assessable income of a resident taxpayer includes ordinary income derived directly or indirectly from all sources during the income year. Generally, where a person receives remuneration as a result of providing their services or labour, the amounts are included in the taxpayer's assessable income. In your case, you provided services for which you received remuneration. Accordingly, the amounts received are required to be included in your tax return as the amounts form part of your assessable income under section 6-5 of the ITAA 1997.

Please check this edited version to be sure that there are no details remaining that you think may allow you to be identified. If you have any concerns about this ruling you wish to discuss, you will find our contact details in the fact sheet.