Blog

Notice of data exchange for skilled visa program compliance

June 11, 2025

The Department of Home Affairs, including the Australian Border Force, has issued a notice that it will obtain data from the ATO to identify whether business sponsors are complying with t...Read More Read More

ASIC Fee Increases Effective from 1 July 2025

June 9, 2025

The Australian Securities and Investments Commission (ASIC) has announced an increase in company and business name fees, effective from 1 July 2025 to 30 June 2026. These updated charges w...Read More Read More

Fringe Benefits Tax (FBT) 2025 Year-End Update

April 11, 2025

The 2025 FBT year ended on 31 March 2025. Employers must review their FBT obligations to ensure compliance and minimize liabilities. Key FBT Updates for 2025 1. FBT Rates Remain ...Read More Read More

Crackdown on land and banking foreign investments

February 27, 2025

The government has announced a 2-year ban on foreign investors purchasing established homes, effective 1 April 2025 to 31 March 2027, to ease housing market pressure. The new ban appli...Read More Read More

S99B: payments or assets received from foreign trusts

December 19, 2024

The ATO has released draft Taxation Determination TD 2024/D2 and draft Practical Compliance Guideline PCG 2024/D1 on section 99B for public consultation. TD...Read More Read More

Mid-Year Economic and Fiscal Outlook 2024-25 released

December 19, 2024

The Australian Government’s Mid-Year Economic and Fiscal Outlook (MYEFO) 2024-25 released on 18 December 2024 introduces significant tax measures to enhance compliance and modernise syste...Read More Read More

Changes to foreign resident capital gains tax

August 1, 2024

Treasury has issued a consultation paper Strengthening the foreign resident capital gains tax regime, proposing three measures to strengthen the foreign resident capital gains tax ("CGT") ...Read More Read More

Cents per km for car expenses 2024-25 and after

July 22, 2024

The ATO has registered the Income Tax Assessment (Cents per Kilometre Deduction Rate for Car Expenses) Determination 2024, with effect from 1 July 2024. The Instrument sets the rate at 88 ...Read More Read More

Reasonable travel and overtime meal allowance amounts for 2024-25

July 22, 2024

The ATO released TD 2024/3, with effect from 1 July 2024, providing the amounts it will treat as reasonable for 2024-25 for employee claims: overtime meal expenses: $37.65 domes...Read More Read More

Small Business and Charities Measures Bill 2023 passed

July 22, 2024

The Treasury Laws Amendment (Support for Small Business and Charities and Other Measures) Bill 2023 passed(as Act No. 52): $20,000 instant asset write-off – for small businesse...Read More Read More