The Australian Taxation Office (ATO) has announced the issuance of Practice Statement Law Administration (PS LA) 2020/2 on administering general anti-abuse rules, such as a principal or main purposes test, included in any of Australia's tax treaties. PS LA 2020/2 is dated 1 October 2020 but is considered effective from 16 December 2019.

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Anti-abuse rules in tax treaties guidance

New guid…