Income Tax Assessment Act 1936

PART IVA - SCHEMES TO REDUCE INCOME TAX  

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History

Pt IVA inserted by No 110 of 1981.

SECTION 177R  

177R   DIVERTED PROFITS TAX - WHEN SHORTFALL INTEREST CHARGE IS PAYABLE  

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An amount of shortfall interest charge that an entity is liable to pay under section 280-102C in Schedule 1 to the Taxation Administration Act 1953 is due and payable 21 days after the day on which the Commissioner gives the entity notice of the charge.

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History

S 177R inserted by No 27 of 2017, s 3 and Sch 1 item 13, applicable in relation to DPT tax benefits for a year of income that starts on or after 1 July 2017 (whether or not the DPT tax benefit arises in connection with a scheme that was entered into, or was commenced to be carried out, before 1 July 2017).

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