he NZ IRD has published Operational Statement OS 21/04 which clarifies the tax withholding obligation of non-resident employers (including from Australia) in cross-border employment situat...Read MoreRead More
On Thursday 11 November, the ATO released an updated version of Practical Compliance Guideline PCG 2017/2, which gives eligible entities various simplified transfer pricing record-keeping o...Read MoreRead More
Taxation Determination TD 2021/8, issued on Wednesday 10 November, sets out the 2021-22 amounts the ATO will accept as estimates of the value of goods taken from trading stock for private us...Read MoreRead More
From 1 November 2021, where an employee has an existing superannuation account, that account will be "stapled" and follow the employee when they change jobs. Employers will need to request s...Read MoreRead More
During November and December, the ATO may contact tax practitioners to advise its intention to cancel their clients' Australian business number (ABN), where there is evidence they are no l...Read MoreRead More
Australia’s 2.7 million company directors can now apply for their new Director identification numbers (director ID). In the first few hours after the launch of service, more than 2,000 peo...Read MoreRead More
From 1 November 2021, if new employees start and they don't choose a super fund, employers may have an extra step to take to comply with choice of fund rules and request the employees’ s...Read MoreRead More
The ATO has produced website guidance on CGT exemptions for granny flat arrangements that gives eligible people the right to occupy a property for life started from 1 July 2021. To be elig...Read MoreRead More
The ATO on 13 October 2021 registered a notice that it will acquire AUSTRAC transaction report information data from AUSTRAC for around 9 million individuals each year for the period of ...Read MoreRead More
All directors of a company, registered Australian body, registered foreign company or Aboriginal and Torres Strait Islander corporation will need a director identification number (director I...Read MoreRead More
