Revised exposure draft legislation released on intangibles integrity measure

Given the application of these proposed changes remains imminent and they are currently drafted with broad effect, SGE groups should immediately take steps to assess the impact of these changes, as outlined by Peter Oliver, Paul Sorrell, Jeremy Capes, Sophie Lewis, and Jane Rolfe.

The Australian Government has made changes to its proposed intangibles integrity measure which seeks to deny deductions for payments relating to intangible assets connected with low corporate tax jurisdictions (Intangibles Measure). These changes are reflected in a revised exposure draft bill (Revised ED) and supporting explanatory memorandum (Revised EM) released on Friday, 23 June 2023. While there are some changes to the previous exposure draft, the originally proposed start date remains...

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Authors: Peter Oliver, Paul Sorrell,

Published Date: 27 June 2023