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Australia Continues Local File Administrative Solution for Second Year and Provides Extension

|Approved Changes|Australia
Australia

According to an email notice from the Australian Taxation Office (ATO), the ATO will continue for the second year the administrative solution that allows taxpayers to lodge Part A of the Local file with their tax return in lieu of answering questions 2 to 17 of the international dealings schedule (IDS). The administrative solution is meant to avoid duplication of information in the Local file a…

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