The Australian Tax Office has released the finalised Practical Compliance Guideline (PCG), which includes a number of refinements compared to the draft version released in May 2018. The PCG may provide welcome reassurance for taxpayers that are able to restructure in a manner that satisfies all of the factors required to qualify as a low risk restructure. However, we anticipate that for many businesses this will not be possible.
Read more in the attached PwC TaxTalk newsalert.
