Private ruling: Deductions of payment by a private company
Date of advice: 19 July 2024
Published: 2 September 2024

Ruling: Summary | The Commissioner has issued a private ruling on whether a payment by a private company for services rendered is prima facie deductible under section 8-1 of the ITAA 1997, and if so, whether the amount of the deduction is limited by section 109 of the ITAA 1936.