Australia: Priority guidance on amendments to thin capitalization rules
The ATO released a list of priority public advice and guidance topics arising from amendments to the thin capitalization rules.
Priority guidance on amendments to thin capitalization rules
The Australian Taxation Office (ATO) released a list of priority public advice and guidance topics arising from amendments to the thin capitalization rules.
The ATO also said that it is committed to updating the thin capitalization guide to address non-interpretative operation of the amendments to the thin capitalization rules, but the guidance will be general in nature with no consultation expected prior to its publication.
The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 3712, 1801 K Street NW, Washington, DC 20006.