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ATO Updates Benchmark Interest Rate for Private Company Loans to Shareholders

|Approved Changes|Australia
Australia

The Australian Taxation Office (ATO) has updated the Division 7A – benchmark interest rate, which is used for determining required repayments of amalgamated private company loans to shareholders. If repayments do not meet or exceed the determined repayment amount, the difference between the required payment and the actual payment made is generally treated as a deemed dividend. The update provi…

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