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A New Tax System (Goods and Services Tax) Act 1999

Chapter 4 - The special rules  

Part 4-2 - Special rules mainly about supplies and acquisitions  

Note:

The special rules in this Part mainly modify the operation of Part 2-2, but they may affect other Parts of Chapter 2 in minor ways.

Division 69 - Non-deductible expenses  

Subdivision 69-A - Non-deductible expenses generally    View history reference

69-5  Non-deductible expenses do not give rise to creditable acquisitions or creditable importations  

(1)  

An acquisition is not a *creditable acquisition to the extent that it is a *non-deductible expense.

(2)  

An importation is not a *creditable importation to the extent that it is a *non-deductible expense.

(3)  

An acquisition or importation is a non-deductible expense if it is not deductible under Division 8 of the *ITAA 1997 because of one of the following:


(a) section 26-5 of the *ITAA 1997 (Penalties);


(b) section 26-30 of the *ITAA 1997 (Relative's travel expenses);


(c) section 26-40 of the *ITAA 1997 (Maintaining your family);


(d) section 26-45 of the *ITAA 1997 (Recreational club expenses);


(e) section 26-50 of the *ITAA 1997 (Expenses for a leisure facility);
 View history reference


(f) Division 32 of the *ITAA 1997 (Entertainment expenses);


(g) Division 34 of the *ITAA 1997 (Non-compulsory uniforms);


(h) section 51AK of the *ITAA 1936 (Agreements for the provision of non-deductible non-cash business benefits).
 View history reference


(i) (Repealed by No 41 of 2005)
 View history reference

(3A)  

 View history reference
An acquisition or importation is also a non-deductible expense to the extent that it is not deductible under Division 8 of the *ITAA 1997 because of one of the following:


(a) section 51AEA of the *ITAA 1936 (Meal entertainment - election to use the 50/50 split method);


(b) section 51AEB of the ITAA 1936 (Meal entertainment - election to use the 12 week register method);


(c) section 51AEC of the ITAA 1936 (Entertainment facility - election to use the 50/50 split method).

(4)  

 View history reference
If the entity making the acquisition or importation is an *exempt entity, the acquisition or importation is a non-deductible expense if it would have been a non-deductible expense under subsection (3) or (3A) had the entity not been an exempt entity.

(5)  

This section has effect despite sections 11-5 and 15-5 (which are about what is a creditable acquisition and what is a creditable importation).

 



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