Download interpretation guidelines and interpretation statements
Interpretation guidelines discuss the Commissioner's approach to the interpretation of a general area of law where there are also taxation implications. For example, IG009: Employee or independent contractor? assists taxpayers to determine their employment status for tax purposes.
Interpretation statements set out the Commissioner's view of the taxation laws in relation to a particular set of circumstances in cases when a binding public ruling cannot be issued or is considered to be inappropriate.
The table below lists interpretation guidelines and interpretation statements issued 2009 alphabetically by title.
IS09/01 - Fines and penalties - income tax deductibility
This interpretation statement considers whether taxpayers are allowed an income tax deduction for fines and penalties imposed on them by a statute or regulation (or imposed by a statute or regulation on third parties and paid by the taxpayer). The statement concludes that taxpayers are not allowed income tax deductions for fines and penalties.
Date of issue: October 2009
IS09/01 - PDF
format (69kb | 13 pages)
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