A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 81.5 Effect of payment of tax
A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 81.5
Effect of payment of taxAustralian tax not consideration
(1) A payment, or the discharging of a liability to make a payment, is not the provision of * consideration to the extent the payment is an * Australian tax.
Regulations may provide for exceptions
(2) However, a payment you make, or a discharging of your liability to make a payment, is treated as the provision of * consideration to the extent the payment is an * Australian tax that is, or is of a kind, prescribed by the regulations.
(3) For the purposes of subsection (2), the *
consideration is taken to be provided to the entity to which the tax is
payable, for a supply that the entity makes to you.