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These statements outline how we deal with shortfall penalties, including reduction of penalties, voluntary disclosures, evasion, abusive tax position and so on.
SPS 19/02 sets out the factors that the Commissioner will consider when forming an opinion as to whether a taxpayer has made a full voluntary disclosure of all the details of a tax shortfall.
SPS 16/04 sets out the law allowing a taxpayer to use tax losses in payment of a shortfall penalty imposed on an income tax liability.
SPS 06/03 sets out IR's practice for reducing shortfall penalties for previous behaviour.
INV-290 provides information about applying promoter penalties to promoters of arrangements involving abusive tax positions.
INV-231 (Sep 1999) sets out information on permanent reversal as it applies to a temporary shortfall.