Hi, this is correct. Speeding fines, parking fines, late payment fines, and any other fines; not deductible. These weren't incurred in earning your income, they were incurred in breaking the law. Try not to do that
Hi, no, that's for all types of entities. A company that receives a fine from ASIC for paying their company dues late will also not be able to claim that fine as a cost of doing business, let alone claiming for a fine for speeding or parking illegally. Sorry.