The Australia Taxation Office has guidance on the Valuation of assets for the purposes of the Thin Capitalisation regime in light of changes made by the Treasury Laws Amendment (Making Sure Multinationals Pay Their Fair Share of Tax in Australia and Other Measures) Act 2019, which received royal assent (was enacted) on 13 September 2019. The guidance concerns the obligations of taxpayers that did or did not lodge tax returns in accordance with the changes made by the Act.
The m…