Australian Tax Office issues draft Practical Compliance Guidance on debt deduction creation rules and restructures
|Tax Alerts, National/Federal Taxation, G ...|Australia
The new draft Practical Compliance Guideline (PCG) provides the Australian Tax Office's (ATO's) compliance approach to reviewing arrangements that have been restructured in response to the new debt deduction creation rules (DDCR).
The ATO may apply a specific DDCR anti-avoidance rule or the general anti-avoidance rule to cancel all or part of a tax benefit.
A color-coded risk-assessment framework in the PCG helps illustrate the ATO's level of compliance scrutiny, based on low and high-risk factors…
We use cookies to provide you with the best possible experience. By using Orbitax's services, you agree that we may store cookies on your device. Cookie Policy.
EY
