On 7 November 2018, the Australian Taxation Office (ATO) issued a notice on the update of the regulations for interest on overpayments and early payments.
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Interest on Overpayments and Early Payments Regulations – updated
The Taxation (Interest on Overpayments and Early Payments) Regulations 2018 (2018 IOEP Regulations) were registered on 14 September 2018.
These regulations help determine entitlement to interest where correlative double tax relief has been provided.
These regulatio…