On 24 May 2018, the Treasury Laws Amendment (Tax Integrity and Other Measures No. 2) Bill 2018 was introduced in the Australian House of Representatives. The legislation provides hybrid mismatch rules taking into account the recommendations of the OECD and the Board of Taxation as well as feedback from public consultation on exposure draft legislation.
The hybrid mismatch rules will prevent entities that are liable to income tax in Australia from being able to avoid income taxation, or obt…