Changes to International Dealings Schedule (IDS) focus group – 15 November 2023

Original Published Date
Status
Current
Tax Category
Tax preparation
Resource Type
Consultative groups
Description

This meeting was held via webinar on 15 November 2023.

Key outcomes

Summary

Below is a summary of key outcomes. Note: The full outcomes and presentation materials are available in Online services for DSPs.

At this meeting, discussion points were:

Overview of budget measure impacts

An overview of the 3 measures and the expected changes to the International Dealing Schedule (IDS) was provided to the group. Measures had not yet passed legislation at the time of this meeting.

Expected changes to the International Dealings Schedule (IDS) 

Updates to (double-tax agreement) country codes

Iceland has been added to the Double Tax Agreement (DTA), the related country code and name will be available for selection from 1 July 2024 in conjunction with the Company, Trust, Attribution Managed Investment Trust (AMIT), Attribution Corporate Collective Investment Vehicle (CCIV) sub-fund and Partnership returns

Technical specifications walkthrough of draft MST and delivery timeline

The group was provided a view of the draft Message Structure Table (MST) along with an updated delivery timeline and expected changes.

Group discussion

No items were raised for discussion.

Next steps

The group is expected to reconvene in late January 2024. For any questions, please raise a ticket in Online Services for DSPs or email DPO@ato.gov.au.

No previous versions available.

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