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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 18 December 2013 - onwards

59. Amendment of section 59 of Principal Act (deduction for tax borne or paid)

Section 59 of the Principal Act is amended -

(a) in subsection (2) by deleting paragraph (m), and

(b) by inserting the following subsection after subsection (2):

"(2A) In computing the amount of tax payable by an accountable person in respect of a taxable period, that person may deduct the tax charged to him or her during the period by other accountable persons in respect of services directly related to the transfer of ownership of goods that would, but for the operation of section 20(2)(c), be subject to tax.".