We have updated the International dealings schedule 2024 by:
- Updating Section D (thin capitalisation) to reflect the amendments to Division 820 of the ITAA 1997 in Treasury Laws Amendment (Making Multinationals Pay Their Fair Share - Integrity and Transparency) Act 2024 and to cover the different rules applying to early balancers, June balancers and late balancers for their 2023-24 income year.
- Removing labels in relation to the ceased Offshore Banking Unit regime.
- Updating country code for label C of question 44 (Exemption from withholding tax) to cover interest withholding tax exemption for Icelandic financial institutions as a result of amending Article 11 of a double tax agreement (DTA) with Iceland.
Continue to: Instructions to complete the international dealings schedule