Implementing these measures is a positive foundation for BTR - facilitating the delivery of BTR projects is critical to addressing some of the housing shortages in Australia.
The arm's length principle is the international standard for determining the taxability of profits resulting from transactions between related entities.
Recently, the Central Board of Direct Taxes ("CBDT") has issued rules to calculate "net winnings" in case of online games and issued guidelines in relation to the same for further clarification.
On 20 March 2024, the Federal Court of Australia (FCA) found in favour of the taxpayer in Mylan Australia Holding Pty Ltd (MAHPL) v Commissioner of Taxation (Commissioner) (No 2) [2024] FCA 253.
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