News in brief…18 April 2024

ATO advice and guidance; Audit finds ATO largely effective at managing taxpayers’ use of transfer pricing for related party debt; ATO update: June concessional lodgement deadline for certain tax returns due 15 May

ATO advice and guidance The Australian Taxation Office (ATO) released its latest advice and guidance on 17 April, which includes three class rulings. Class ruling CR 2024/24 Bendigo and Adelaide Bank Limited – Capital Notes 2 CR 2024/25 VHM Limited – return of capital by in specie distribution of shares in VP Minerals Limited CR 2024/26 Snack Foods Pty Ltd – Early Retirement Scheme 2024 More ATO advice and guidance can be found on KPMG Tax Now under ATO rulings, guidance & update...

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Published Date: 18 April 2024