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Talking Tax – Issue 84

ATO updates

Commissioner provides Common Reporting Standard compliance relief

On 30 June 2017 the ATO made a declaration under the Tax Laws Amendment (Implementation of the Common Reporting Standard) Act 2016 (Act) that 25 jurisdictions (including Barbados, China, Hong Kong, Israel, Kuwait and Russia) are ‘committed jurisdictions’ for the purposes of the transitional provisions of the Act (Declaration).

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