Income Tax Assessment Act 1997

CHAPTER 5 - ADMINISTRATION  

PART 5-30 - RECORD-KEEPING AND OTHER OBLIGATIONS  

Division 900 - Substantiation rules  

Subdivision 900-E - Written evidence  

Operative provisions

SECTION 900-115   Written evidence from supplier  

900-115(1)  


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

900-115(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.

900-115(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.

900-115(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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