The Australian Taxation Office March 10 issued guidance on the reportable tax position (RTP) schedule for companies with total business income of at least A$250 million (US$166.1 million) in the current year, or at least A$25 million (US$16.6 million) as part of an economic group with total income of at least A$250 million. Topics covered include: 1) new and updated questions for RTP schedules submitted in 2023; 2) the procedure for submitting additional information and making changes to RTP schedules; and 3) an exemption from filing an RTP schedule for taxpayers under annual compliance arrangements. [Australia, Australian Taxation Office, 03/10/23] ...
