Australia Reduces Corporate Tax Transparency Income Threshold for Australian-Owned Resident Private Companies
The Australian Taxation Office (ATO) has issued a release announcing a reduction in the corporate tax transparency income threshold for Australian-owned resident private companies from AUD 200 million to AUD 100 million from the 2023 income year. The ATO also issued a separate release on the upcoming publication of tax transparency reports based on information reported in 2020–21 income tax r…
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