The Australian Taxation Office has published Taxation Determination (TD) 2021/7, Income tax: aggregated turnover - calculating the annual turnover of a connected entity or affiliate with a different accounting period to you. The calculation of aggregated turnover is important in relation to several different tax purposes, including for the determination of an entity as a 'small business entity' for certain tax concessions, for the purpose of temporary loss carry back and full expensing incen…