Variation to section 68CB(2) of the Tax Administration Act 1994

This variation provides extra time to file for a person with a September balance date who is seeking the Commissioner’s approval of their research and development activities by filing a general approval application for the 2021-2022 income year under s 68CB of the Tax Administration Act 1994.

The variation recognises that in some cases COVID-19 has prevented applicants receiving in a timely manner information needed for their general approval applications.

Tax Information Bulletin Vol 34 No 11 - December 2022