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Revenue Ruling(pdf version)
The purpose of this ruling is to ensure that Tasmanian Revenue Online (TRO) agents, and their authorised users, are placed in the same position with respect to the imposition of penalty tax as those who lodge duty instruments directly with the State Revenue Office (SRO) for assessment by the Commissioner of State Revenue.
The policy intent of the penalty tax provisions is to match the level of penalty tax with the degree the taxpayer is responsible for the tax default. Penalty tax is also imposed as an incentive to comply with the voluntary declaration of tax liabilities.
This ruling has been updated as part of the SRO’s review of its interest and penalty tax policies.
1. This ruling must be read in conjunction with Revenue Ruling, PUB-GEN-2011-1 Interest and Penalty Tax.
2. This ruling commences on 1 July 2011 and applies to:
3. Penalty tax will not be imposed on a tax default for duty instruments processed by TRO agents provided that:
5. Interest will continue to be imposed in accordance with PUB-GEN-2011-1.
For more information about this ruling, please contact the SRO’s Legislative Review Section by email or phone (03) 6233 8070.
All rulings must be read subject to Revenue Ruling, PUB-GEN-2011-3 Explanation and Status of Revenue Rulings.