ATO initiates review of disclosures made under International Dealings Schedule

As discussed by Fabian Fedele, Tammy Eccles and Karen Lam, the ATO has indicated it will contact taxpayers who have made positive disclosures at Question 49, seeking further information where appropriate.

A large number of Australian corporate taxpayers have recently made specific disclosures in relation to the application of the Australian hybrid rules in Section G of the International Dealings Schedule (IDS).An introduction to the Section G disclosure requirements can be found in our June 2019 article.  ATO communication regarding Question 49 disclosures The Australian Taxation Office (ATO) has promptly raised initial concerns regarding disclosures at Question 49, noting that where a po...

Sign in below or register now to read the full article

Authors: Fabian Fedele, Tammy Eccles,

Published Date: 10 September 2020