Australia: New 2024 reportable tax position schedule released, with new questions on intangibles migration arrangements

The Australian Taxation Office released the new reportable tax position schedule and instructions for 2024.

New 2024 reportable tax position schedule released

The Australian Taxation Office (ATO) released the new reportable tax position schedule and instructions for 2024.

The ATO also released a summary that outlines what is new for the 2024 schedule, including the questions that have been added to and removed from Category C.

Among the questions added to Category C are Questions 44 and 45 relating to the recently finalized practical compliance guideline (PCG)—PCG 2024/1—with respect to intangibles arrangements. Read TaxNewsFlash

  • Question 44 requires taxpayers to disclose the risk assessment ratings associated with any intangibles migration arrangements occurring within the current year
  • Question 45 asks taxpayers to provide details (but not risk ratings) with respect to any intangibles migrations within the last five years, as well as associated current year intangibles migration arrangements 

KPMG observation

These new questions confirm the ATO’s continued focus on intangibles migration and development, enhancement, maintenance, protection and exploitation (DEMPE) activities.



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