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Australia Sets 2018 Benchmark Interest Rate for Private Company Loans to Shareholders

|Approved Changes|Australia
Australia

The Australian Taxation Office has issued Taxation Determination (TD) 2018/14, which sets the benchmark interest rate for private company loans at 5.20% for the income year beginning 1 July 2018. The rate is used for determining required repayments of amalgamated private company loans to shareholders. If repayments do not meet or exceed the determined repayment amount, the difference between t…

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