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.
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.