The purpose of the Changes to International Dealings Schedule (IDS) focus group is to work through the impacts of the following Budget measures as we develop a solution in preparation for Tax Time 2024:
- International Tax – removing the preferential tax treatment for Offshore Banking Units (CA2024-001)
- Multinationals Tax Integrity Package – amending Australia's interest (thin capitalisation) rules (CA2024-006)
- Multinationals Tax Integrity Package – denying deductions for payments relating to intangibles held in low or no-tax jurisdictions (CA2024-011), as well as
- Updates to (double-tax agreement) country codes.
This focus group will be an opportunity for members to provide valuable feedback and insights into expected changes to the IDS.
No previous versions available.