Australian thin capitalization changes and new subsidiary disclosure rules — December 2023 update

15 December 2023|Tax Alerts, Information Reporting, Legislation & Policy, National/Federal Taxation, Transfer Pricing|Australia

The Australian Government has proposed amendments to the thin capitalization and debt deduction creation rules, which have been referred to a Senate committee to report by 5 February 2024, thereby delaying the enactment of the measures.
The thin capitalization measures are still expected to apply to income years starting on or after 1 July 2023.
The amendments include a proposal to defer the debt deduction creation measures to apply to income years starting on or after 1 July 2024; however they ma…

Continue reading with a Pro Subscription

Unlock full Orbitax Tax News content, including a historical database of tax news, alerts, and analysis from our network of tax experts, all tailored to your company footprint. Now includes Orbitax XatBot AI Tax Assistant.

Free trial available. Cancel anytime. Free Orbitax account required.