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08 March 2018

Australia releases revised exposure draft on hybrid mismatch tax rules including integrity and branch measures for public consultation

Australia's Treasurer released a revised Exposure Draft, Treasury Laws Amendment (OECD Hybrid Mismatch Rules) Bill 2018 (the RED), for public consultation. The Bill will implement the Organisation for Economic Co-operation and Development (OECD) October 2015 Report on Base Erosion and Profit Shifting (BEPS) Action 2, Countering the effects of Hybrid Mismatch Arrangements. The RED contains certain measures announced but not included in the first exposure draft, which was released on November 24, 2017, namely the additional Australian integrity rules and branch hybrid mismatch rules.

A Global Tax Alert, attached below, provides additional details.

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Document ID: 2018-0526

 

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