108
CurrentAdjustments for fraction of a dollar
Part 11Miscellaneous provisions
108 Adjustments for fraction of a dollar
(1)
If a single amount of tax payable by a taxpayer is not a multiple of a dollar, the Chief Commissioner may decrease the amount but not lower than the nearest dollar.
(2)
If the Chief Commissioner aggregates two or more amounts of tax that are payable by a taxpayer and the aggregated amount is not a multiple of a dollar, the Chief Commissioner may decrease the aggregated amount but not lower than the nearest dollar.
This Act’s bill:Explanatory memorandumSecond reading speech
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