Taxation Determination TD 2022/1 finalises the ATO's position on the "natural love and affection" exclusion in the commercial debt forgiveness rules. The key point in TD 2022/1 is that the ...Read MoreRead More
The Commissioner has lodged a notice of appeal to the Full Federal Court from the decision in Guardian AIT Pty Ltd ATF Australian Investment Trust v FCT [2021] FCA 1619.
The Federal Cou...Read MoreRead More
The High Court has made two rulings in relation to the distinction between employees and independent contractors.
In Construction, Forestry, Maritime, Mining and Energy Union & Anor v ...Read MoreRead More
The Treasurer announced on Monday 13 December 2021 that the SME Loan Guarantee Scheme will be extended by 6 months to 30 June 2022.
This extension keeps the same terms and conditions as...Read MoreRead More
DGRs that were endorsed under one of the 11 amended DGR categories prior to 14 December 2021, need to check they meet the changed requirements. From 14 December 2021 all general deductible...Read MoreRead More
The ATO has released a fact sheet for employers on the tax and superannuation consequences of providing incentives or rewards to employees who get vaccinated against COVID-19.
Specifica...Read MoreRead More
The ATO has finalised Practical Compliance Guideline PCG 2021/4 Allocation of professional firm profits – ATO compliance approach that sets out the ATO’s compliance approach to the al...Read MoreRead More
Revenue SA is reminding taxpayers and their advisers that where land was acquired by a discretionary trust on or before 16 October 2019, the discretionary trust has until 31 December 2021 to...Read MoreRead More
Practice Statement PS LA 2021/3 was finalised by the ATO on and with effect from 25 November 2021, sets out the ATO's revised decision-making principles for remitting the additional superan...Read MoreRead More
Four Class Rulings were issued on Wednesday 24 November 2021:
CR 2021/79 - Woolworths Group Limited - off-market share buy-back.
CR 2021/80 - Two10degrees Pty Ltd - use of Globa...Read MoreRead More
