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PUB00394: Income Tax – Government payments to businesses (grants and subsidies)

This Issues Paper considers when and how the government grant provisions in the Income Tax Act 2007 may apply to grants and subsidies received by businesses. Where the government grant provisions apply, a grant or subsidy paid by a local or public authority to a business is excluded income and the expense funded by the grant is non-deductible.

Consultation period: 30 June 2022 to 11 August 2022

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