Taxation Ruling
IT 2139W - Notice of Withdrawal
Prescribed payments system: retreaded tyres
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Please note that the PDF version is the authorised version of this withdrawal notice.
FOI status:
may be releasedNotice of Withdrawal
Taxation Ruling IT 2139 is withdrawn with effect from today.
1. Taxation Ruling IT 2139 explains that retreading tyres is carried out for a prescribed person, the payments made in respect of that retreading is a prescribed payment.
2. Section 221YHAAH of the Income Tax Assessment Act 1936 has the effect that the prescribed payments system no longer applies to payments made from 1 July 2000. IT 2139 does not have application to income tax years commencing on or after that date.
Commissioner of Taxation
6 September 2006