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Australia Consults on Guidance on Restructuring to Comply with Pending Hybrid Mismatch Rules

|Proposed Changes|Australia
Australia

The Australian Taxation Office (ATO) has published Practical Compliance Guideline (PCG) 2018/D4 for consultation. The draft PCG aims to assist taxpayers by setting out the ATO’s compliance approach with respect to Part IVA of the Income Tax Assessment Act 1936 (general anti-abuse rule) and certain restructures that comply with the objectives of the pending Hybrid Mismatch rules. Legislation fo…

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