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A businessperson and a construction worker shaking hands over a table with construction blueprints, a yellow hard hat, a tablet, and office supplies. Another person, possibly the tax accountant, is also visible, partially in frame, pointing at the blueprints.

Tax treatment of long-term construction contracts

By Mark RogersonProperty

The Commissioner of Taxation recently released a taxation ruling, TR 2018/3, which provides guidance on reporting profits derived and losses incurred from long-term construction contracts. While the understandings are not...

July 6, 2018

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