About this summary
The purpose of this summary is to provide notification of the changes made to certain income tax return forms and schedules for the 2019–20 income tax reporting period.
For the definitive view of the changes to products you must always refer to the final published version of the relevant product.
Income tax returns and schedules
This summary covers the changes for the products listed below.
- Company income tax return
- Fund income tax return
- Partnership tax return
- Trust tax return
- Attribution managed investment trust (AMIT) tax return
- International dealings schedule (IDS)
- Reportable tax position (RTP) schedule
- Capital gains tax (CGT) schedule
- Research and Development (R&D) tax incentive schedule
- Losses schedule
- Consolidated losses schedule
Company income tax return
The 2020 Company tax return is available in Portable Document Format (PDF).
The following changes have been made to the 2020 income year tax return.
3 - Status of company
Change |
Item |
Description |
|---|---|---|
New |
G2 |
Country by country reporting entity |
5 - Country by country reporting entity
Change |
Item |
Description |
|---|---|---|
Modify |
5 |
From Significant global entity If, at question 3 label G1, you indicated that you are a significant global entity. To Country by country reporting entity If, at question 3 label G2, you indicated that you are a Country by country reporting entity. |
24 Internet trading
Change |
Item |
Description |
|---|---|---|
Remove |
24 |
'Did you sell any goods or services using the internet?' |
Fund income tax return
The 2020 Fund income tax return is available in Portable Document Format (PDF).
There have been no changes made to the 2020 income year tax return.
Partnership tax return
The 2020 Partnership tax return is available in Portable Document Format (PDF).
2 - Status of business
Change |
Item |
Description |
|---|---|---|
New |
G2 |
Country by country reporting entity |
4 - Internet trading
Change |
Item |
Description |
|---|---|---|
Remove |
4 |
'Did you sell any goods or services using the internet?' |
32 - Non-Concessional MIT Income (NCMI)
Change |
Item |
Description |
|---|---|---|
New |
32 |
Non-Concessional MIT Income (NCMI) Excluded from NCMI |
52 - Statement of distribution
Change |
Item |
Description |
|---|---|---|
New |
52 |
Non-Concessional MIT Income (NCMI) Excluded from NCMI |
Trust tax return
The 2020 Trust tax return is available in Portable Document Format (PDF).
2 - Status of business
Change |
Item |
Description |
|---|---|---|
New |
G2 |
Country by country reporting entity |
4 Internet trading
Change |
Item |
Description |
|---|---|---|
Remove |
4 |
'Did you sell any goods or services using the internet?' |
32 - Non-Concessional MIT Income (NCMI)
Change |
Item |
Description |
|---|---|---|
New |
32 |
Non-Concessional MIT Income (NCMI) Excluded from NCMI |
56 - Statement of distribution
Change |
Item |
Description |
|---|---|---|
New |
56 |
Non-Concessional MIT Income (NCMI) Excluded from NCMI |
Attribution managed investment trust (AMIT) tax return
The 2020 AMIT instructions and AMIT tax return are not available in print or to download as a Portable Document Format (PDF).
Attribution managed investment trust (AMIT) tax schedule
Change |
Item |
Description |
|---|---|---|
New |
N.A. |
|
International dealings schedule (IDS)
The 2020 International dealings schedule (IDS) is available in Portable Document Format (PDF).
Section D - Thin capitalisation
Change |
Item |
Description |
|---|---|---|
Remove |
37a |
Did you choose to recognise an internally generated intangible item under section 820-683? |
Remove |
37b |
Average value amount of the internally generated intangible item you recognised under section 820-683 |
Remove |
37c |
Did you choose to revalue an intangible asset under section 820-684? |
Section G - Hybrid Mismatches
Change |
Item |
Description |
|---|---|---|
Modify |
45-A |
From Did the hybrid mismatch rules affect you? To Did the hybrid mismatch rules apply to you? |
Modify |
46a-B |
From Total amount of deductions denied or total inclusion of income under subdivisions 832-C to 832-G To Total amount of payments which gave rise to deduction/non-inclusion mismatches and deduction/ deduction mismatches |
Modify |
48a-B |
From Total amount of deductions denied under subdivision 832-J To Total amount of deductions subject to subdivision 832-J |
Modify |
49-A |
From Did you restructure or replace an arrangement which would have been subject to any of the hybrid mismatch rules in the current year or the prior year if the arrangement was still in place? To Did you or your international related parties restructure or replace an arrangement in the current or prior year which would have been subject to any of the hybrid mismatch rules if the arrangement was still in place? |
Modify |
49a-B |
From Restructuring event 1 - As a result of the restructure, has the taxable income of the entity remained the same or decreased if compared to the replaced hybrid arrangement before the application of the hybrid mismatch rules? To Restructuring event 1 - As a result of the restructure, has your taxable income remained the same or decreased if compared to the replaced hybrid arrangement before the application of the hybrid mismatch rules? |
Modify |
49a-B |
From Restructuring event 2 - As a result of the restructure, has the taxable income of the entity remained the same or decreased if compared to the replaced hybrid arrangement before the application of the hybrid mismatch rules? To Restructuring event 2 - As a result of the restructure, has your taxable income remained the same or decreased if compared to the replaced hybrid arrangement before the application of the hybrid mismatch rules? |
New |
49a-B |
From Restructuring event 3 - As a result of the restructure, has the taxable income of the entity remained the same or decreased if compared to the replaced hybrid arrangement before the application of the hybrid mismatch rules? To Restructuring event 3 - As a result of the restructure, has your taxable income remained the same or decreased if compared to the replaced hybrid arrangement before the application of the hybrid mismatch rules? |
Reportable tax position (RTP) schedule
The 2020 Reportable tax position (RTP) schedule is available in Portable Document Format (PDF).
There have been no changes made to the 2020 income year schedule.
Capital gains tax (CGT) schedule
The 2020 Capital gains tax (CGT) schedule is available in Portable Document Format (PDF).
There have been no changes made to the 2020 income year schedule.
Research and Development (R&D) tax incentive schedule
The 2020 Research and Development (R&D) tax incentive schedule is available in Portable Document Format (PDF).
There have been no changes made to the 2020 income year schedule.
Losses schedule
The 2020 Losses schedule is available in Portable Document Format (PDF).
There have been no changes made to the 2020 income year schedule.
Consolidated group losses schedule
The 2020 Consolidated group losses schedule is available in Portable Document Format (PDF).
There have been no changes made to the 2020 income year schedule.
This information describes the changes made to certain income tax return forms and schedules for the 2020 tax year.