A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 126.15 Losses carried forward
A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 126.15
Losses carried forward If, for any tax period, your total monetary prizes referred to
in subsection 126 - 10(1) exceed your total amounts wagered referred to
in that subsection, the amount of that excess is to be added to your
total monetary prizes, referred to in that subsection, for the next
tax period.