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Petroleum Resource Rent Tax Assessment Act 1987
31BEffect of input tax credits etc. on deductible expenditure
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#### 31B Effect of input tax credits etc. on deductible expenditure
For the purposes of this Division, a reference to an amount of expenditure incurred, or a liability incurred, by a person does not include an amount equal to:
(a) any input tax credit to which the person is entitled; or
(b) any decreasing adjustments that the person has;
in relation to that expenditure or liability.