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Australia Local File Lodgment Concession

20 June 2017

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Approved Changes

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Australia

The Australian Taxation Office has issued a business bulletin on a Local file lodgment concession for reporting entities that have chosen to lodge Part A of the Local file with their tax return. --- Under the administrative solution for the local file, a reporting entity may choose to voluntarily lodge Part A of their local file at the same time as their Income Tax Return. If a reporting entity chooses this option, they will not need to complete labels 2 to 17 of the international dealings schedule (IDS). The administrative solution is only available for lodgments due on or after...