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  • What is a reportable tax position?



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    A reportable tax position (RTP) is one or more of the following:

    • Category A: a position that is about as likely to be correct as incorrect, or less likely to be correct than incorrect
    • Category B: a position in respect of which uncertainty about taxes payable or recoverable is recognised and/or disclosed in the taxpayer's financial statements or a related party's financial statements
    • Category C: a reportable transaction or event.
    Last modified: 04 Jun 2014QC 40268