PE developments in response to COVID-19
Australia: Updated guidance on COVID-19 and PEs
On 25 May 2021, the Australian Taxation Office (ATO) updated, once again, its guidance on COVID-19 and PEs. The updated guidance extends its period of application to 31 December 2021 (previously it was to 30 June 2021). Other than the extension of the period of application, the ATO approach on PEs remains the same. According to the ATO, the guidance ceases to apply from 1 January 2022 and taxpayers may need to …