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News & Insights

A collection of updates, articles and papers written by The Little CFO & The Little CFO Legal

    • Sep 20, 2021
    • 1 min read

Taxpayer Alert concerning the disguising of undeclared foreign income as gifts

The ATO has released a new Taxpayer Alert in relation to situations concerning the disguising of undeclared foreign income as gifts or loans from related overseas entities.


In the Taxpayer Alert (TA 2021/2) the ATO provided 3 examples of known arrangements where foreign assessable income is disg