COV 21/04
Issued
15 Oct 2021
Start
01 Oct 2021
End
31 Mar 2022

Variation to section 68CB(2) of the Tax Administration Act 1994

This variation applies to a person with a balance date of 30 May 2021 or later, for the 2020/21 income year, who is seeking the Commissioner’s approval of their research and development activities by filing a general approval application under s 68CB of the Tax Administration Act 1994.

This variation effectively extends the existing COV 20/10, by ensuring that persons with a balance date of 30 May 2021 or later can also gain the full advantage of the three months by which the relevant date has been extended. 

Tax Administration Act 1994: ss 6H and 6I, s 68CB