The Government has registered the Taxation Administration Amendment (Updating the List of Exchange of Information Countries No 2) Regulations 2021. The Regulations amend s 34 of the Taxation Administration Regulations 2017 to add Armenia, Cabo Verde, Kenya, Mongolia, Montenegro, and Oman to the list of information exchange countries for the purposes of s12-385(4) of the TAA53 (about withholding by withholding MITs). They are countries that will be part of Exchange of information (EOI) arrangements that allow the ATO to obtain relevant information from other jurisdictions to verify an investor’s identity and address, or to support taxation compliance activities.
DATE OF EFFECT: 1 October 2021. [LTN 189, 30/9/21]
[Tax Month – September 2021] 3.10.21