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ATO Finalizes Guidance on Aggregated Turnover and Connected Entities

|Approved Changes|Australia
Australia

The Australian Taxation Office (ATO) has finalized Taxation Determination (TD) 2023/5, Income tax: aggregated turnover and connected entities - Commissioner's discretion that an entity does not 'control' another entity. TD 2023/5 addresses specific issues that arise when the ATO considers whether to exercise the Commissioner's discretion to determine that one entity doesn't control another ent…

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