Petroleum Resource Rent Tax Assessment Act 1987

PART V - LIABILITY TO TAXATION  

Division 3 - Deductible expenditure  

SECTION 31B  

31B   EFFECT OF INPUT TAX CREDITS ETC. ON DEDUCTIBLE EXPENDITURE  
For the purposes of this Division, a reference to an amount of expenditure incurred, or a liability incurred, by a person does not include an amount equal to:

(a) any input tax credit to which the person is entitled; or

(b) any decreasing adjustments that the person has;

in relation to that expenditure or liability.

 View history note

 Hide history note