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
71-1
What this Division is about
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 71 - Fringe benefits provided by input taxed suppliers
View history note
Hide history noteSuppliers making input taxed supplies may not be entitled to input tax credits for acquisitions or importations they make to provide fringe benefits to their employees.
Note:
Under the Fringe Benefits Tax Assessment Act 1986 , a lower rate of fringe benefits tax is payable for providing fringe benefits without entitlement to input tax credits.
This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.