OrbitaxAustralia Consulting on Taxation of Insurance Companies in Relation to New Accounting Standard
|Proposed Changes|Australia
The Australian Treasury has launched a public consultation on the tax impacts of implementing the new accounting standard for insurance contracts.
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The Government is seeking information and comments from interested parties on the tax impacts of implementing the new accounting standard for insurance contracts (AASB17) which will apply mandatorily for annual reporting periods beginning on o…
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