Application of section 4(1) to the direct entry systems
The purpose of this ruling is to clarify the application of section 4(1) of the Debits Tax Act 1990. This section refers to a single debit to an account, which has occurred because of two or more account transactions, to be taxable as separate debits which reflect those account transactions.
Issue date : 1 August 1995
Ceased : 30 June 2005