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  2023 International tax & business

International tax update

Source: Victoria

Published Date: 4 May 2023

 

This session covered three key areas where draft legislation is to be released in early 2023 as follows:

  • Outline of proposed changes to thin capitalisation: Treasury has indicated draft legislation is expected to be released in early 2023. The legislation will cover an overview of rules/changes, responses and expected application/carveouts
  • Denying deductions for intangible payments: Treasury is expecting to consult on how “intangibles” are defined, overview of rules, expected application (intended to be broad) and no transitional rules; and
  • Tax transparency: Overview/Taxpayers to prepare information for publication by ATO, draft legislation is expected to be released in early 2023.

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Author(s)

Individual Session

Author(s): Edward Ng , Richard Goodwin CTA
Materials from this session:

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