Notice of Withdrawal

TD 92/D220W - Withdrawal

If:

•

an assessment has been raised on the basis that a taxpayer has not adopted arm's length principles in setting prices in international transactions; and

•

the assessment results in an increase in tax payable; and

•

the taxpayer objects and refers his objection to the Administrative Appeals Tribunal or Federal Court; and

•

cannot demonstrate that payment of the full amount would cause financial hardship;

what are the guidelines for granting an extension of time for payment?

• Please note that the PDF version is the authorised version of this withdrawal notice.

FOI status:

may be released

Draft Taxation Determination TD 92/D220 is withdrawn with effect from today.

The topic is not considered to be a high priority and does not justify a public ruling.

Commissioner of Taxation
30 August 1995

References

ATO references:
NO NAT 95/5640-1

Related Rulings/Determinations:

TD 92/D220