ATO Reportable Tax Position Schedule – ATO updates its website to encourage a wide interpretation of RTP questions
On 26 June 2018, the Australian Taxation Office (ATO) released an update on the Reportable Tax Position (RTP) Schedule clarifying how the information is used. The system applies to companies and is done through the Commissioner’s power to set out the information he wants in taxpayers’ annual tax returns. The ATO advised that the RTP…