Australia: Instructions for reportable tax position schedule for 2025
Various updates in response to new rules and legislative changes
The Australian Taxation Office (ATO) released its instructions for the reportable tax position (RTP) schedule for 2025, which include the following updates:
- Two new “Category C” questions regarding the application of certain aspects of the “liable entity” and “hybrid payer” definitions
- Revisions in response to the debt deduction creation rules
- Several changes to existing questions to align with local file short form filings
- Removal of one question due to legislative changes