Tax Consolidation Tofa

General tax Update For Financial Institutions In Asia Pacific
Legislative changes proposed for tax consolidation groups I. TOFA and PAYG instalments By way of background, the Taxation of Financial Arrangements (TOFA) regime was introduced in 2009 and seeks to broadly ... View This Document

OPERATION OF THE TOFA RULES FOR CONSOLIDATED GROUPS
ATTACHMENT B OPERATION OF THE TOFA RULES FOR CONSOLIDATED GROUPS Ensuring TOFA/consolidation interaction provisions operate as intended 1. The TOFA Stages 3 & 4 provisions are a major legislative reform of the tax arrangements ... Fetch Content

Tax Laws Amendment (Taxation Of Financial Arrangements) Bill 2008
Comments to Treasury on the Exposure Draft of Tax Laws Amendment (Taxation of Financial Arrangements) Bill 2008 (ED Bill) and accompanying Explanatory Material 2.1 TOFA liabilities and the tax consolidation provisions hedging election and tax consolidation (refer 2.3 below). ... Retrieve Document

Tax Highlights - Deloitte US
Tax highlights 15 September 2014 Contents: Key developments · Issues related to taxation of financial arrangements (TOFA) and consolidation. Energy and resources: · Tax treatment of repurchase and securities lending arrangements ... Return Doc

VIC 2nd ANNUAL TAX FORUM - Greenwoods
4.1 Resetting TOFA liabilities the tax consolidation regime in Part 3-90 of the Act1, areas of uncertainty remain. In addition, we continue to regularly encounter practical issues regarding the operation of the regime and its ... Fetch This Document

Submission On The Tax Consolidation Amendments Contained In ...
The ED also implements the comments in the Media Release relating to the interaction of tax consolidation with the TOFA rules contained in Division 230. TOFA applied to eligible taxpayers from income years starting on or after 1 July 2010, or ... Document Retrieval

Asia Pacific Insurance Tax Publication 2012
Asia Pacific Insurance Tax Publication 2012 October 2012 www.pwchk.com. losses as a result of the way the tax consolidation regime was introduced in the early 2000’s. pre and post TOFA investments) ... Return Document

TOFA And Consolidation - Department Of The Treasury
TOFA and Consolidation We appreciate the opportunity to provide comme amendments to the tax consolidation The proposed amendments will have a significant adverse impact on many Australian corporate taxpayers. Major elements of the proposals ... Read Here

Consolidation And TOFA Interactions
CONSOLIDATION AND TOFA INTERACTIONS 23 JUNE 2008 PURPOSE 1. The purpose of this paper is to seek comment on a proposed approach that aims to provide an appropriate interaction between the tax consolidation regime and the ... Retrieve Full Source

May 2015 - Pitcher
May 2015 Tax Consolidation changes have unintended consequences if fact that the TOFA deductible liability measure has been in place since 2009, which deals with most of the committed to a 2015 review of the tax consolidation measures. ... Doc Viewer

PwC TaxTalk Monthly What’s Next In The TOFA Pipeline?
What’s next in the TOFA pipeline? 1 June 2014 The Taxation of Financial Arrangement (TOFA) TOFA tax-timing elections are TOFA and consolidation interactions The ATO has recently outlined ... Access Content

Consolidation - Facing Demons - EY
23 September 2013 Tax consolidation: recent changes and interaction with TOFA – facing your demons Consolidation - facing demons ... Access Full Source

Review Of The Debt And Equity tax Rules - Board Of Taxation
That arose after the introduction of Division 974 (for example, tax consolidation and stages 3 and 4 of TOFA). The chapter focuses on the effectiveness with which Division 974 interacts with those regimes, Review of the debt and equity tax rules . , . , of Taxation . of Taxation [2014] : ... Doc Retrieval

TAX ALERT - DLA Piper
TAX ALERT EXPOSURE DRAFT ON TAX CONSOLIDATION INTEGRITY MEASURES these provisions as the specific TOFA tax cost setting rules for liabilities apply. Transitional rules The amendments will apply to all entities that join a ... Retrieve Content

April 2012 Tax Insight - EY
April 2012 Tax Insight Tax consolidation: time for (TOFA) rules • The ED addresses Government concerns that the 2010 amendments to the tax consolidation RFI and revenue asset rules resulted in outcomes ... Fetch Doc

Delhi Sultanate - Wikipedia
The Delhi Sultanate was a Muslim sultanate based mostly in Delhi that stretched over large parts of the Indian subcontinent a tax on spoils of war), which helped strengthen the Khilji rule. Among the spoils was the Warangal loot that included one of the largest known diamonds in human ... Read Article

International tax services – Australia PwC International Tax Services The TOFA reforms present an opportunity to simplify compliance for Australia's existing tax consolidation regime. 5. Finally, ... Fetch Document

Taxpoints - KPMG | AU
Tax Taxpoints A tax brief for TOFatime is ticking to 22 1 July 2010 Tax consolidation amendments – what’s your position? It is now almost 8 years from the commencement of the Tax Consolidation regime on 1 July 2002 and a number of the proposed amendments we ... Document Retrieval

Www.pwc.com.au 1 Release of draft legislation to “wind back” the 2010 tax consolidation changes and amend TOFA interactions 19 April 2012 On 18 April 2012 the Government released the ... Access Full Source

TOFA/consolidation interaction provisions operate as intended Question 13 of ATO’s TOFA pilot questionnaire Reportable tax positions About as likely, or less likely, to be correct than incorrect Uncertain positions in financial reports ... View This Document

Tax Insights - Deloitte US
Tax insights Snapshot On 28 April 2015, the Federal Treasury released Exposure Draft legislation (‘the ED’) on 5 previously announced tax consolidation measures. Crucially, the measures are intended to cost setting amount of a TOFA asset in a tax ... Retrieve Content