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ATO ID 2004/710 (Withdrawn)withdrawnchange

Simplified Tax System (STS): accounting method - timing of deduction for discount expense on Commercial bills with a term of less than 12 months

Reasons for Decision

To discharge (a debt, obligation, etc) as by giving or doing something. 2. To give (money etc) as in discharge of debt or obligation. 3. To satisfy the claims of (a person etc) as by giving money due.

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