The Australian Taxation Office has published Law Companion Ruling (LCR) 2021/1 on OECD hybrid mismatch rules - targeted integrity rule. LCR 2021/1 is effective 1 January 2019.
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What this Ruling is about
This Ruling provides the Commissioner's view of particular aspects of the law in relation to the hybrid mismatch targeted integrity rule in Subdivision 832-J of the Income Tax Assessment Act 1997, legislated as part of the package of measures making up Australia's hybrid mismatch rules…