The Australia Taxation Office (ATO) has announced changes in the tax treatment of off-market share buy-backs. As previously reported, the changes were first announced as part of the Budget for 2022-23 to improve the integrity of the tax system by aligning the tax treatment of off-market share buy-backs undertaken by listed public companies with the treatment of on-market share buy-backs. The changes apply for off-market share buy-backs after 7:30 pm AEDT on 25 October 2022.
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Tax treatm…