Taxation Ruling
IT 2292W - Notice of Withdrawal
Income tax: guidelines for the imposition and remission of penalty under subsection 221YHK(1) for failure to furnish deduction forms under the prescribed payments system
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Please note that the PDF version is the authorised version of this withdrawal notice.
FOI status:
may be releasedNotice of Withdrawal
Taxation Ruling IT 2292 is withdrawn with effect from today.
1. Taxation Ruling IT 2292 provides guidelines for the exercise of the Commissioner's discretion under subsection 221YHL(2) of the Income Tax Assessment Act 1936 (ITAA 1936) to remit the statutory penalties imposed by subsection 221YHK(1) of the ITAA 1936.
2. Subsequent to the issue of this Ruling, section 221YHK of the ITAA 1936 was repealed by the Taxation Laws Amendment Act (No. 6) 1992 and subsection 221YHL(2) of the ITAA 1936 was amended to remove the references to this section. As such, this Ruling is no longer current.
Commissioner of Taxation
13 September 2006