The Australian Taxation Office has issued a release on pending legislation to clarify the operation of the hybrid mismatch rules. A related Law Companion Ruling, LCR 2019/D1, has also been published with amendments for consultation, which is open for comments until 24 July 2020.
---
Clarifying the operation of the hybrid mismatch rules
In the 2019–20 Budget on 2 April 2019, the government announced the measure Tax Integrity – clarifying the operation of the hybrid mismatch rules. Subsequ…