The Australian Taxation Office has announced further consultations on guidance for the new thin capitalization rules introduced by the Treasury Laws Amendment (Making Multinationals Pay Their Fair Share-Integrity and Transparency) Act 2024, which received Royal Assent (was enacted) on 8 April 2024 (previous coverage).
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Title
Multinational Tax Integrity – strengthening Australia's interest limitation (thin capitalisation) rules
Purpose
On 8 April 2024, the Treasury Laws Amendment (M…