On Friday 26 June 2020, the ATO announced they would extend the 30 June 2020 due date for s109E ‘minimum yearly repayments’ of loans, that ‘comply’ with s109N of the ‘deemed dividends’ provisions, in Division 7A of Part III of the ITAA36 (Div 7A).

See below for further details.

[Tax Month – June 2020]

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