OrbitaxATO Publishes Taxation Determination on Thin Capitalisation - Valuation of Debt Capital
|Approved Changes|Australia
The Australian Taxation Office (ATO) has issued Taxation Determination (TD) 2020/2 Income tax: thin capitalisation - valuation of debt capital for the purposes of Division 820.
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What this Determination is about
1. This Determination sets out how an entity must value its 'debt capital' for the purposes of Division 820 of the Income Tax Assessment Act 1997.
2. The concept of debt capita…
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