WebinarTax & Accounting

Amending Australia's Thin Capitlisation Rules: An update from the ATO

Thu, Jun 27, 2024 12:00 PM - 1:00 PM AEST
Online

Hear direct from the Australian Taxation Office (ATO) Assistant Commissioner Harjit Singh, and Stephen Dodshon on the latest updates and next steps for Australia’s Thin Capitalisation Rules.

Thin capitalisation amendments passed Parliament on 27 March 2024. These changes align Australia’s thin capitalisation provisions with the OECD best practice approach in the OECD/G20 BEPS Action 4 report.

The Australian Taxation Office (ATO) will provide all attendees an overview of the updates to Australia’s thin capitalisation rules.

In this webinar, ATO officials Harjit Singh and Stephen Dodshon will cover:

  • An outline of the new thin capitalisation and debt deduction creation rules
  • Priority areas for ATO public advice and guidance and the process for consultation
  • Updated ATO reporting requirements
  • Q&A

All registrants will receive a copy of the recorded webinar post event.

Speakers:

  • Harjit Singh, Assistant Commissioner, Office of the Chief Tax Counsel, ATO
  • Stephen Dodshon, International Risk Manager, Public Groups, ATO

About the presenters:


Harjit Singh is an Assistant Commissioner in the Tax Counsel Network at the Australian Taxation Office. In this role Harjit provides technical advice on some of the ATO’s most complex and pressing tax matters. Harjit has experience working in various roles at the ATO including, leading case teams in Public Groups and International, leading, developing and implementing the ATO’s Energy & Resources Strategy and the Top 1000 program. Harjit started his career in a large advisory firm advising on domestic and international tax matters.

Stephen Dodshon is the International Risk Manager in Public Groups at the Australian Taxation Office. In this role Stephen leads a team responsible for detecting, assessing and managing international profit shifting and international tax structuring risks across Public Groups client programs. Stephen’s former roles include providing technical advice on complex tax matters and leading policy and law design projects relating to international tax and economic stimulus. Stephen began his career in law before moving to the ATO.

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