The Australian Taxation Office released the new reportable tax position schedule and instructions for 2024.
April 4, 2024The Australian Taxation Office (ATO) released the new reportable tax position schedule and instructions for 2024.
The ATO also released a summary that outlines what is new for the 2024 schedule, including the questions that have been added to and removed from Category C.
Among the questions added to Category C are Questions 44 and 45 relating to the recently finalized practical compliance guideline (PCG)—PCG 2024/1—with respect to intangibles arrangements. Read TaxNewsFlash
These new questions confirm the ATO’s continued focus on intangibles migration and development, enhancement, maintenance, protection and exploitation (DEMPE) activities.
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