Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 900.115

Written evidence from supplier

  (1)   You may use this set of rules for any type of expense except the decline in value of a * depreciating asset.

  (2)   You must get a document from the supplier of the goods or services the expense is for. The document must set out:

  (a)   the name or business name of the supplier; and

  (b)   the amount of the expense, expressed in the currency in which it was incurred; and

  (c)   the nature of the goods or services; and

  (d)   the day the expense was incurred; and

  (e)   the day it is made out.

  (3)   There are 2 exceptions to these requirements:

  (a)   if the document does not show the day the expense was incurred, you may use a bank statement or other reasonable, independent evidence that shows when it was paid;

  (b)   if the document the supplier gave you does not specify the nature of the goods or services, you may write in the missing details yourself before you lodge your * income tax return for the income year.

  (4)   The document must be in English. However, if the expense was incurred in a country outside Australia, the document can instead be in a language of that country.


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