Income tax: deductibility of expenses incurred in preparing for the commencement of the Goods and Services Tax (GST)

Taxation Ruling TR 1999/12, which issued on 20 August 1999, deals with the deductibility of expenses which may be incurred by a taxpayer carrying on a business in preparing for the commencement of the Goods and Service Tax on 1 July 2000.

As such expenditure would generally have been incurred before 1 July 2000, Taxation Ruling TR 1999/12 is no longer required and is accordingly withdrawn.