Small business late lodgment penalty amnesty program
May 25, 2023
The small business lodgment penalty amnesty program commences on Thursday, 1 June. It gives agents and their small business clients an opportunity to get their outstanding tax returns and...
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ACSC: BianLian Ransomware Group alert
May 19, 2023
The Australian Cyber Security Centre (ACSC), the FBI and US Cybersecurity and Infrastructure Security Agency (CISA) urges organisations to take immediate steps to safeguard computer syste...
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Public beneficial ownership register: additional funding (Budget)
May 19, 2023
The Government will provide $1.9 million over 2 years from 2023-24 to "establish a public registry of beneficial ownership of companies and other legal vehicles, including trusts"...
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ATO target areas for 2022-23 returns: rental property deductions; work-related expenses; CGT
May 19, 2023
The ATO has issued a media release setting out its three focus areas for what it terms "this Tax Time", ie the lodgement of 2022-23 returns.
The first area is rental property d...
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Build-to-rent properties: building allowance, MIT withholding rate 
May 4, 2023
The Prime Minister has announced the following measures designed to increase the supply of housing:
the depreciation rate for eligible new build-to-rent projects where construction c...
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Cents per km car rate from 1 July 2023
May 4, 2023
The ATO has issued draft legislative determination LI 2023/D12. It sets the cents per km method for calculating the work related car income tax deduction at 85 cents per km starting 1 July...
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ATO数据匹配：针对20万个个人的接载服务数据
April 27, 2023
税务局已经公告了对出租车和接载服务数据匹配计划的通知。 该计划将使澳大利亚税务局（ATO）获取乘车服务数据，以确定在2022-23财年期间可...
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Family trust distribution tax
April 27, 2023
As year-end resolutions are being prepared, ATO reminds it is important to consider client’s trust deed and who is and isn’t a beneficiary of the trust. Where an FTE or IEE has been mad...
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ATO data-matching: ride sourcing data for 200,000 individuals
April 27, 2023
The Commissioner has gazetted the Notice of a ride sourcing data-matching program.It will enable the ATO to acquire ride sourcing data to identify individuals that may be engaged in provid...
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ATO’s general remission power: draft LI 2023/D10
April 27, 2023
The ATO has issued a draft legislative instrument that seeks to codify its long-standing practice of remitting interest or penalties to certain classes of entities, including where the char...
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