The Australian Taxation Office has announced the release of the 2017 International dealings schedule (IDS) and instructions. The IDS requirements apply for Australian taxpayers with more than AUD 2 million in related party dealings and must be lodged with the annual tax return. The announcement notes three main changes to the IDS for 2017, including that:
- Significant global entities (SGEs) will need to indicate if they have lodged Part A of the Local File at the same time as their tax retur…