Tax Alert TA 2020/3 – Arrangements with interposed offshore beneficiaries, with interest deductions – that avoid Australian tax and interest withholding tax

On Fri 14.8.2020, the ATO issued Taxpayer Alert TA 2020/3 expressing concern about arrangements involving interposed offshore entities, to avoid Australian tax on the Australian profits and interest withholding tax liabilities on the off-shore interest payments.

See below for details.

[Tax Month – August 2020]