COV 20/04
Issued
11 Jun 2020

Variation in relation to s DB 31 Income Tax Act 2007 to extend time for writing off bad debts

The variation extends the time by which a debt must be written off as bad in order for a deduction to be available in the 2020 income year.

Tax Information Bulletin Vol 32 No 6 - July 2020

Tax Administration Act 1994: ss 6H and 6I
Income Tax Act 2007: s DB 31