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Joint professional body submission in relation to TD 2005/D32

Published on 16 Sep 05 by THE TAX INSTITUTE

A joint professional body submission on the draft tax determination TD 2005/D32 - Income Tax: can an Australian incorporated subsidiary of a foreign group which records the results of it worldwide business in a foreign currency, choose to use that foreign  currency as its 'applicable functional currency', where it prepares financial statements in Australian dollars for statutory reporting purposes?

Author profiles:

NATIONAL INSTITUTE OF ACCOUNTANTS
Current at 19 November 2004
 
TAXPAYERS AUSTRALIA INC
Current at 19 November 2004

TAXATION INSTITUTE OF AUSTRALIA
Current at 19 November 2004 Click here to expand/collapse more articles by TAXATION INSTITUTE OF AUSTRALIA.

ICAA
Current at 19 November 2004

CPA AUSTRALIA
Current at 19 November 2004

 

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