News in brief…17 July 2024

ATO advice and guidance; Government to release final response to Guarantee of Origin scheme consultation; European Commission publishes Annual Report on Taxation 2024

ATO advice and guidance The Australian Taxation Office (ATO) released its latest advice and guidance on 17 July, which includes a taxation determination, a class ruling, and an erratum. Taxation determination TD 2024/5 Income tax: how the non-arm’s length income and capital gains tax provisions interact to determine the amount of statutory income that is non-arm’s length income This Determination outlines our views as to how the non-arm’s length income and capital gains tax provision...

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Published Date: 17 July 2024