Recently issued Taxation Determination TD 2018/10, sets out the amounts the Commissioner accepts as estimates of the value of goods taken from trading stock for private use by taxpayers in certain specified industries. These estimates apply to the tax year ended 30 June 2018. These amounts exclude GST.
|Business type||Adult/child over 16
|Restaurant/ café (licensed)||4,640||1,750|
|Restaurant/ café (unlicensed)||3,500||1,750|
|Takeaway food shop||3,430||1,715|
|Mixed business (including milk bar, general store and convenience store)||4,260||2,130|
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