Taxation and revenue collection

Expense Non Deductible Amount

Status: Standard

Definition: The amount of expense-related adjustments that are added back to the amount written at 'Total profit or loss' to reconcile with the amount written at 'Taxable income or loss'.
Guidance: Inform the relevant field with the expense related adjustments that are added back to the amount shown at Total profit or loss - to reconcile with the amount shown at Taxable income or loss.
The amount shown at Non deductible expenses excludes:
- any amount shown at Non deductible exempt income expenditure, and
- any amount shown at Accounting expenditure in item 6 subject to R&D tax concession.
Generally, Non deductible expenses shows the amounts that are an expense for accounting purposes but are not deductible for income tax purposes, including timing variations. Examples are:
- debt deductions disallowed under the thin capitalisation rules
- unrealised losses on revaluation of assets and liabilities to fair value under IFRS
- expenses incurred in deriving non-assessable non-exempt income such as foreign income that is non-assessable non-exempt income under
- a non-share dividend, to the extent that it is an expense for accounting purposes and therefore taken into account in determining total profit and loss, but which is not deductible for income tax purposes.
Unique identifier: http://api.gov.au/definition/trc/de3471
Used by: Australian Taxation Office
Type: float
Syntax specifics
API url: https://api.gov.au/definitions/api/definition/trc/de3471