The Australian Taxation Office (ATO) has announced a draft compliance guideline on the ATO's approach to the arm’s length debt test. Once finalized, the guideline will have effect from 1 July 2019 and will apply where the arm's length debt test has been used to establish an entity's maximum allowable debt from this date.
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Draft PCG 2019/D3 ATO compliance approach to the arm’s length debt test
We are working to provide large businesses and their advisors with more guidance in relation t…