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  • Taxation Ruling TR 2020/2

    Taxation Ruling TR 2020/2 Income tax: deductions for expenditure on environmental protection activities is finalised. It provides certainty around immediate deductions for expenditure incurred on environmental protection activities.

    The ruling explains:

    • what are environmental protection activities
    • definitions of pollution and waste
    • when expenditure is incurred for the sole or dominant purpose of carrying on those activities
    • limits on the amount you can deduct
    • assessability of recouped expenditure on environmental protection activities.

    Examples are available to assist you with understanding environmental protection activities. We also provide common scenarios to help you understand which expenditure is deductable on these activities.

    See also:

    Last modified: 17 Jul 2020QC 63199