Published on 01 Jul 03
by NEW SOUTH WALES DIVISION, THE TAX INSTITUTE
The new rules for the taxation of foreign currency transactions apply from 1 July 2003 (or earlier, if chosen). They are relevant for all Australian entities conducting transactions in foreign currency (including FX borrowing and lending, sales and purchases, investment and hedging).
This seminar paper analyses the new rules and considers practical examples and key business aspects.
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