Private ruling: Income tax exemption
Date of advice: 23 January 2018
Published: June 2018

Ruling: Income tax exemption under section 50-5 of the Income Tax Assessment Act 1997 (ITAA 1997) | What this ruling is about: | In order to protect the privacy and commercial in-confidence components of this private binding ruling the following summary is provided: | A non-resident taxpayer entered into an agreement with an Australian entity to supply services. | The Commissioner ruled that income tax exemption will be granted to the taxpayer for the period of the ruling under section 50-1 of the ITAA 1997 as a scientific organisation as described at item 1.3 of the table in section 50-5 of the ITAA 1997.