Taxation Ruling
IT 2084W - Notice of Withdrawal
Income tax : losses & outgoings: financial institutions duty - bank account debits tax
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Please note that the PDF version is the authorised version of this withdrawal notice.
Notice of Withdrawal
Taxation Ruling IT 2084 is withdrawn with effect from today.
1. IT 2084 deals with the deductibility of financial institutions duty (FID), which was imposed on a wide range of financial institutions, and bank account debit taxes (BAD taxes), which were imposed on debits to certain bank accounts.
2. The FID and BAD taxes have been abolished.
3. IT 2084 has no ongoing relevance and is therefore withdrawn without replacement.
Commissioner of Taxation
5 April 2017
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