The Australian Taxation Office has published the draft Law Companion Guideline LCG 2017/D7 Diverted profits tax. The draft LCG explains how the new law will apply and explains concepts introduced by the measure.

The diverted profits tax (DPT) was introduced by the government to complement Australia’s anti-avoidance rules and strengthen the existing income tax framework.

The consultation period is open until Friday 16 February 2018.

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