Treasury Laws Amendment (Making Multinationals Pay Their Fair Share - Integrity and Transparency) Act 2024 (23 of 2024)
Schedule 2 Thin capitalisation
Part 1 Amendments
Income Tax Assessment Act 1997
130 Subsection 995-1(1) (paragraph (b) of the definition of maximum allowable debt)
Omit "*inward investing entity (non-ADI) covered by paragraph 820-185(1)(a)", substitute "*inward investing financial entity (non-ADI) covered by paragraph 820-185(1A)(a)".
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).
