New questions in the RTP schedule
The following Category C questions are new:
- Question 43: profits of a private company have been accessed in a tax-free form (that is, without an additional tax liability) by arranging for the profits to be passed to your entity or another participant through an interposed holding company as outlined in TA 2023/1.
- Question 44: international related party Intangibles Migration Arrangements in the current year as outlined in Practical Compliance Guidance PCG 2024/1.
- Question 45: international related party Intangibles Migration Arrangements in scope of Practical Compliance Guidance PCG 2024/1 during this income year that did not involve a Migration of intangible assets in the current income year.
Changes in the RTP schedule
Changes have been made to the following questions and section:
- Question 9: PCG 2017/1 changes made to the comments field.
- Question 14: PCG 2017/4 change to the heading for Schedule 3 category and the information requested in the comments.
- Question 19: subcategory 3 has been added for entities compliant with the terms of settlement deed or future compliance agreement.
- Exemption for foreign banks or other qualifying financial entities has been updated.
- Question 39: PCG 2021/5 minor change.
Questions removed from the RTP schedule
The following Category C questions have been removed:
- Question 2: special dividend or a share buy-back through an equity raising event as described in Taxpayer Alert TA 2015/2.
- Question 7: cross-border leasing arrangements involving the use, in Australian waters, of non-resident-owned mobile offshore drilling units (MODUs) as outlined under PCG 2020/1.
- Question 16: Australian income tax consolidated, or multiple entry consolidated (MEC) group churning rules (section 716-440 of the ITAA 1997).
- Question 27: structured arrangements as outlined under LCR 2019/3 and PCG 2019/6.
- Question 30: issued shares owned by a single shareholder TD 2019/14.
- Question 32: arrangements described in Taxpayer Alert TA 2020/1, involving non-recognition or mischaracterisation of Australian activities connected with the development, enhancement, maintenance, protection or exploitation (DEMPE) of intangible assets.
- Question 37: arm’s length debt test to determine its maximum allowable debt amount as outlined in PCG 2020/7.
Continue to: Instructions to complete the RTP schedule 2024