GST Q&A – GST and Reimbursements of Rates, etc.
Question: In Taxation Ruling TR 2012/8, Commissioner considers whether amounts received in respect of legal costs incurred in disputes concerning termination of employment should be included in assessable income as an employment termination payment or as an assessable recoupment where the legal costs are tax deductible for income tax purposes.
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Disclaimer: This article is based upon information available as at the time of publishing and may be subject to change.