Private ruling: Deducibility of certain payments
Date of advice: 30 September 2021
Published: December 2021

Ruling: Q1: Is Aus Co entitled to a deduction under section 8-1 of the ITAA 1997 in respect of each payment made as part of its Payment Program (Payment) in the year in which the Payment is made? | A1: Yes. | Q2: If the answer to Question 1 is no, is Aus Co entitled to deduct 20% per annum of the full amount of each Payment, starting in the year in which each Payment is made and in the next four income years, under section 40-880 of the ITAA 1997? | A2: Not applicable.




Subject: Deducibility of certain payments: The Commissioner was asked the following questions as such: