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

9E   At the end of paragraph 705-235(2)(b)

Add:

or (iii) an amount is required to be subtracted (also the second linked 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);