Taxation Ruling
IT 2171W - Notice of Withdrawal
Income tax: tax instalment deductions (PAYE) - remission of penalties - failure to pay as required - arrangements to pay after the due date
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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Taxation Ruling IT 2171 is withdrawn with effect from today.
1. Taxation Ruling IT 2171 provides guidelines for the exercise of the Commissioner's discretion under:
- (i)
- section 221N of the Income Tax Assessment Act 1936 (ITAA 1936) to remit the statutory penalties imposed by subsections 221F(12) and 221G(4A) of the ITAA 1936; and
- (ii)
- subsection 221F(7) of the ITAA 1936 to vary the requirement that tax instalment deductions be paid not later than the seventh day of the month.
2. Section 221G of the ITAA 1936 was repealed in 1995. Subsection 221F(12) of the ITAA 1936 was repealed in 1998, applicable to amounts deducted on or after 1 July 1998. Furthermore, the sections referred to above related to the pay-as-you-earn system for the collection of tax, which was replaced by the pay-as-you-go (PAYG) system from 1 July 2000. Therefore, this Ruling is no longer current.
3. The principles contained in Taxation Ruling IT 2171 that continue to have application under the PAYG system are contained in the ATO Receivables Policy.
Commissioner of Taxation
6 September 2006