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of <h1>Section 35 limits deductible business expenses where withholding unpaid, denying 30% until tax paid and deferring allowance</h1> Section 35 disallows specified business deductions where withholding obligations are not met, generally denying 30% of certain resident payments until tax is deducted/paid and deferring allowance to the year tax/levy is actually paid; similar mechanics apply to non-resident payments, employee funds and salary payments. The As Passed text reorganises and refines wording from the originally introduced Bill but retains core limits on partner remuneration, interest (12% cap) and AOP member payments. Key substantive change: the As Passed version omits the Bill's explicit equalisation-levy disallowance, narrowing the provision's express scope and leaving potential administrative or interpretive gaps.
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