Treasury Laws Amendment (Combating Multinational Tax Avoidance) Act 2017 (27 of 2017)
Schedule 1 Diverted profits tax
Income Tax Assessment Act 1936
4 After subsection 170(11)
Insert:
(12) Nothing in this section prevents the amendment, at any time, of an assessment to increase the liability of a taxpayer if:
(a) the Commissioner amends a DPT assessment to decrease the liability of the taxpayer to diverted profits tax; and
(b) that increase is attributable to that decrease.
Copyright notice
© Australian Taxation Office for the Commonwealth of Australia
You are free to copy, adapt, modify, transmit and distribute material on this website as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).
