Skip to content
OrbitaxOrbitax

Thin capitalization rules to be amended to accommodate IFRS

|Proposed Changes|Australia
Australia

On 12 September 2007, the Minister for Revenue announced that the thin capitalization rules will be amended to rectify the potentially negative impact of the adoption of Australian equivalents of the International Financial Reporting Standards (AIFRS).

Under the current thin capitalization rules, accounting standards are required to be used for the valuation of assets, liabilities and equity. AIFRS may result in different values, in particular for int…

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.

Already a Pro or Pro+ subscriber? Sign in to Orbitax to continue reading.