Transitional relief period for the central management and control test extended

The announcement is good news for companies that have been experiencing difficulty in complying with the changes.

The Australian Taxation Office (ATO) has recently announced an extension to the transitional compliance approach period in Practical Compliance Guideline – Central management and control test of residency: identifying where a company’s central management and control is located (PCG 2018/9), acknowledging the effort of companies who are taking active and timely steps to change their governance arrangements in accordance with the approach envisaged within the PCG.The update, extends the transit...

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Authors: Peter Madden

Published Date: 20 January 2020