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Australia Continues Local File Administrative Solution for Second Year and Provides Extension

|Approved Changes|Australia
Australia

According to an email notice from the Australian Taxation Office (ATO), the ATO will continue for the second year the administrative solution that allows taxpayers to lodge Part A of the Local file with their tax return in lieu of answering questions 2 to 17 of the international dealings schedule (IDS). The administrative solution is meant to avoid duplication of information in the Local file and IDS. Further, the notice includes that for taxpayers that choose to take up the administrative so…

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