Australia issues draft guidelines on Arm's Length Debt Test for thin capitalization

Sep 19,2019

Australian Taxation Office (‘ATO’) issues Draft Practical Compliance Guidelines for applying the arm's length debt test (to establish an entity’s maximum allowable debt for thin capitalisation purposes) to be read in conjunction with draft Taxation Ruling issued on 5th April, 2019 on thin capitalization; The guideline breaks down the risk assessment framework into White (where arrangements already reviewed and concluded), Low risk and Med...


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