Taxation Ruling

IT 2084W - Notice of Withdrawal

Income tax : losses & outgoings: financial institutions duty - bank account debits tax

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Notice of Withdrawal

Taxation Ruling IT 2084 is withdrawn with effect from today.

1. IT 2084 deals with the deductibility of financial institutions duty (FID), which was imposed on a wide range of financial institutions, and bank account debit taxes (BAD taxes), which were imposed on debits to certain bank accounts.

2. The FID and BAD taxes have been abolished.

3. IT 2084 has no ongoing relevance and is therefore withdrawn without replacement.

Commissioner of Taxation
5 April 2017

© AUSTRALIAN TAXATION OFFICE FOR THE COMMONWEALTH OF AUSTRALIA

You are free to copy, adapt, modify, transmit and distribute this material as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).

References

ATO references:
NO 1-9N72KXS

Related Rulings/Determinations:

IT 2084