Income tax: remission of additional tax imposed by subsection 223(1): transitional arrangement for 1992-93 substituted accounting periods

Taxation Ruling TR 94/2, which issued on 6 January 1994, provides guidelines for the remission of additional income tax imposed under the former subsection 223(1) of the Income Tax Assessment Act 1936 in respect of taxpayers who had adopted an accounting period that commenced before 1 July 1992 in lieu of the 1992-93 income year.

This Ruling only applied in relation to substituted accounting periods for the 1992-93 income year. It is therefore no longer current.