New Taxpayer Alert for arrangements circumventing Division 7A

News Tax & Compliance Guidance

Date: 11th Dec, 2024 Source: Australian Taxation Office (ATO) Country: Australia Original Source

Brief

On 11/12/2024, the Australian Taxation Office (ATO) issued an update regarding New Taxpayer Alert for arrangements circumventing Division 7A. The alert warns entities and their advisers about contrived arrangements that aim to evade Division 7A, with potential implications of Part IVA of the Income Tax Assessment Act 1936 applying instead.

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Australian Taxation Office (ATO)

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New Taxpayer Alert for arrangements circumventing Division 7A

Brief

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New Taxpayer Alert for arrangements circumventing Division 7A

Brief

Australian Taxation Office (ATO)

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