Technical tax area: Interpretation guidelines and interpretation statements
Download interpretation guidelines and interpretation statements
- Interpretation guidelines discuss the Commissioner's approach to the interpretation of a general area of law where there are also taxation implications. For example, IG009: Employee or independent contractor? assists taxpayers to determine their employment status for tax purposes.
- Interpretation statements set out the Commissioner's view of the taxation laws in relation to a particular set of circumstances in cases when a binding public ruling cannot be issued or is considered to be inappropriate.
The table below lists interpretation guidelines and interpretation statements issued in 2009, other interpretations are sorted by the year in which they were issued.
IS09/01 - Fines and penalties - income tax deductibility
This interpretation statement considers whether taxpayers are allowed an income tax deduction for fines and penalties imposed on them by a statute or regulation (or imposed by a statute or regulation on third parties and paid by the taxpayer). The statement concludes that taxpayers are not allowed income tax deductions for fines and penalties.
Date of issue: October 2009
IS09/01 - RTF format (284kb | 13 pages )
IS09/01 - PDF format (69kb | 13 pages)
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Date published: 15 Jun 2007
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