The ATO has released TR 2019/1, replacing the previous draft TR 2017/D7, setting out the Commissioner’s view on when a company carries on a business for accessing the lower corporate tax rate of 27.5 per cent in the 2015-16 and 2016-17 income years, and for determining the franking percentage to be applied to dividends paid to shareholders.
Read more at the Accountants Daily.
