ATO Consulting on Guidance on Aggregated Turnover and Connected Entities

The Australian Taxation Office has announced the launch of consultations on Draft Taxation Determination (TD) 2023/D2 regarding aggregated turnover and connected entities. The deadline for comment is 28 July 2023.

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Aggregated turnover and connected entities

We're seeking feedback on Draft Taxation Determination TD 2023/D2 Income tax: aggregated turnover and connected entities – Commissioner's discretion that an entity does not 'control' another entity.

The draft guidance addresses …