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Edited version of private advice
Authorisation Number: 1052212846045
Date of advice: 17 January 2024
Ruling
Subject: Country-by-country reporting obligations
The Commissioner was asked two questions about country-by-country reporting obligations under section 815-355 of the Income Tax Assessment Act 1997.
The Commissioner has ruled on each of the questions.
Question 1
Is ABC's transitional period an income year as defined under section 995-1 of Income Tax Assessment Act 1997 (ITAA 1997)?
Answer
No.
Question 2
Will ABC be subject to country-by-country reporting obligations under section 815-355 of the ITAA 1997 in respect of its transitional period?
Answer
No.