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Last updated 4 March 2024

[202401] Multinational Tax Integrity – strengthening Australia’s interest limitation (thin capitalisation) rules

Registered

January 2024

Expected completion of consultation

Post-enactment (to be determined)

Consultation status

Consultation is underway.

Consultation purpose

To seek feedback on public advice and guidance topics, prioritisation and form for the new thin capitalisation measures.

Description

Public consultation by Treasury on an exposure draft of the parliamentary amendments to Schedule 2 of the Treasury Laws Amendment (Making Multinationals Pay Their Fair Share – Integrity And Transparency) Bill 2023 concluded in October 2023.

 

The ATO is proposing to provide guidance setting out the Commissioner of Taxation’s views on, and approach to, key aspects of the proposed new thin capitalisation rules.

 

Stakeholder feedback is sought on potential topics, prioritisation and the form of any potential public advice and guidance.

 

It is intended that only the most important issues arising from the new law will be addressed through the preparation of early ATO public advice and guidance consistent with the New Law Guidance Review.

Who we are consulting

Consultation lead

Stephen Dodshon, Public Groups
Stephen.Dodshon@ato.gov.au
Phone 02 9374 8791

[202305] Client agent linking

Registered

February 2023

Expected completion of consultation

June 2024

Consultation status

Consultation is underway.

Consultation purpose

To seek feedback on the ATO’s new agent nomination process which allows clients to securely nominate an agent through ATO’s online services.

Description

The ATO is seeking to understand the potential impacts of this new process on businesses and intermediaries, including:

  • understanding requirements for implementation of the new process
  • testing communication products
  • reviewing post implementation feedback to identify any potential opportunities for improvement to the user experience.

 

Who we are consulting

 

Consultation lead

Ziva White, Strategy and Support
ziva.white@ato.gov.au
Phone 07 3213 5640

 

QC100352