OrbitaxATO Updates Guidance on Diverted Profits Tax
|Approved Changes|Australia
The Australian Taxation Office (ATO) published updated guidance on the Diverted profits tax dated 13 July 2022.
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Diverted profits tax
The diverted profits tax (DPT) achieves the following outcomes:
- aims to ensure that the tax paid by significant global entities (SGEs) properly reflects the economic substance of their activities in Australia
- aims to prevent the diversion of profits offsh…
