Inbound bank branches to find relief in ‘deducting hybrid’ amendments

Natalie Raju and John Fulton discuss proposed amendments to Australia’s hybrid mismatch rules, which are currently before parliament.

Retroactive changes to Australia’s hybrid mismatch rules affecting inbound bank branches are currently stuck in Parliament, creating uncertainty for many taxpayers finalising tax returns for impacted periods.The proposed changes are included in the Treasury Laws Amendment (2020 Measures No. 2) Bill 2020, which saw its progress through Parliament effectively halted on 18 June 2020 as a result of disagreements between the House and Senate over unrelated aspects of the Bill.Taxpayers have genera...

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Authors: Natalie Raju, John Fulton

Published Date: 10 August 2020