COVID-19: Updated ATO and OECD guidance on international tax matters

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COVID-19 tax measures: tax return disclosures

Tax insights

On 22 February 2021, the ATO published new approved forms and associated instructions for taxpayers with early balancing substituted accounting periods when:

  • Claiming a deduction under, or opting out of the temporary full expensing measure;
  • Opting out of the backing business investment measure;
  • Claiming a loss carryback tax offset.
COVID-19 tax measures: tax return disclosures
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