ARTICLE · 24 APRIL 2024

New Reportable Tax Positions Schedule Disclosure Requirements 2024

Alvarez & Marsal

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The Australian Taxation Office released the new 2024 Reportable Tax Positions (RTP) Schedule last week and, as we indicated in our previous article here...

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The Australian Taxation Office released the new 2024 Reportable Tax Positions (RTP) Schedule last week and, as we indicated in our previous article here, there are new questions within the RTP that continue the ATO's focus on intangibles migration and Australian development, enhancement, maintenance, protection and exploitation (DEMPE) activities per Practical Compliance Guideline PCG 2024/1, highlighting transfer pricing and anti-avoidance considerations in particular.

New questions to be considered as part of the corporate tax return

The ATO has introduced two new questions in the 2024 RTP Schedule focusing on international related party intangibles migration arrangements (IMAs). These new questions aim to provide the ATO with additional disclosure around taxpayers' IMAs and risk assessment of these arrangements. The ATO's guide on these can be found here.

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