Early engagement process for foreign businesses

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Date of effect1 July 2021
  • The ATO will introduce a new early engagement service specifically aimed at foreign businesses that are looking to invest in Australia.
  • The service aims to provide confidence to foreign investors on how the Australian tax laws will apply and will be tailored to specific investors.
  • It is envisaged that the ATO’s service will accommodate specific project timeframes and provide access to expedited private rulings.