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ATO publishes draft practical guidance on arm’s length debt test - 28 August 2019  

On 28 August 2019, the ATO released a draft Practical Compliance Guideline on its risk assessment framework and compliance approach on the application of the arm’s length debt test (ALDT) for thin capitalisation purposes. The PCG is intended to have effect from 1 July 2019 and will apply where the ALDT has been used to establish an entity’s maximum allowable debt from this date.

ATO publishes draft practical guidance on arm’s length debt test
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