EYEY

Australian thin capitalization changes and new subsidiary disclosure rules — December 2023 update

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Australia

  • The Australian Government has proposed amendments to the thin capitalization and debt deduction creation rules, which have been referred to a Senate committee to report by 5 February 2024, thereby delaying the enactment of the measures.
  • The thin capitalization measures are still expected to apply to income years starting on or after 1 July 2023.
  • The amendments include a proposal to defer the debt de…

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