A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 69.35 Election to use the 50/50 split method for entertainment facilities
A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 69.35
Election to use the 50/50 split method for entertainment facilitiesYou may elect to have acquisitions or importations treated, for the purposes of this Subdivision, as * non - deductible expenses because of paragraph 69 - 5(3A)(c), to the extent that the acquisitions or importations would be non - deductible expenses because of that paragraph if:
(a) an election were in force under section 152B of the Fringe Benefits Tax Assessment Act 1986 ; and
(b) section 51AEC of the * ITAA 1936 were to apply,
because of that election, to expenses relating to the acquisitions or
importations.