The Commercial Deals Early Engagement Program
The ATO has launched a new Program, The Commercial Deals Early Engagement Program.
The ATO is seeking to engage early with privately owned and wealthy groups to offer a pre-lodgement compliance agreement for commercial deals and restructure events.
The ATO goes on to define a commercial deal as any significant business transaction that may affect the structure of your business. Examples include:
- financing and refinancing
- initial public offerings
- mergers and acquisitions
- private equity
- sale of business (partial or complete) or business assets
- sale of commercial property
- share buybacks
The ATO says that Taxpayers can use the early engagement service to receive practical certainty for these significant events while they are being planned or before lodgement.
Date of Issue: 27 August 2019 Author: Noé Vicca
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