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

9A   At the end of paragraph 705-160(2)(c)

Add:

or (iii) an amount is required to be subtracted (also the second entity's profit/loss adjustment amount ) under step 5A in the table in section 705-60 (about *FRT disallowed amounts accruing to a joined group before the joining time);


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).