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A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 188.35 The value of loans

A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 188.35

The value of loans

    To the extent that a supply is constituted by a loan of * money or * digital currency, any repayment of the principal, and any obligation to repay the principal, is to be disregarded in working out the value of the supply.