Section 110‑20 Tax sharing agreements—entering i - A New Tax System (Goods and Services Tax) Act 1999 - 110‑20 Tax sharing agreements—entering into agreement etc.

110‑20 Tax sharing agreements—entering into agreement etc.

(1) This section applies if: (a) an entity makes a supply because it enters into or becomes a party to an agreement; and (b) the agreement satisfies the requirements of subsections 721‑25(1) and (2) of the *ITAA 1997 in relation to an existing or future *group liability of the *head company of a *consolidated group or *MEC group. (2) The supply is not a *taxable supply to the extent that it relates to the fact that the agreement satisfies those requirements. (3) This section has effect despite section 9‑5 (which is about what are taxable supplies).

110‑20 Tax sharing agreements—entering i110‑20 Tax sharing agreements—entering into agreement etc.

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110‑20 Tax sharing agreements—entering into agreement etc.