The Treasury Laws Amendment (COVID-19 Economic Response No 2) Bill 2021, introduced in the House of Reps on 3 August 2021 as 5 Schedules to the Bill, proposes amendments to the ITAA 1997 an...Read MoreRead More
The ATO is reminding property investors to take care when submitting their tax returns. Assistant Commissioner Tim Loh said the ATO have adjusted more than 70% of the 2019–20 returns sel...Read MoreRead More
The Government has introduced the Treasury Laws Amendment (COVID-19 Economic Response No. 2) Bill 2021 to make payments received by eligible businesses under certain COVID-19 business supp...Read MoreRead More
The Government on 20 July 2021 with effect from 21 July, registered the Income Tax Assessment (Eligible State and Territory COVID-19 Economic Recovery Grant Programs) Amendment Declaration ...Read MoreRead More
The ATO on 14 July 2021 issued a release reminding taxpayers to make sure they have a record of the donations they are claiming this tax time.
According to the ATO, nearly two thirds of...Read MoreRead More
The ATO has issued a notice that it will acquire lifestyle assets data from insurance policies for about 300,000 individuals each year for the period 2020-21 to 2022-23. The data matching ...Read MoreRead More
The ATO has extended until 30 June 2022 (or 31 December 2021 for early balancers) the transitional compliance approach set out in PCG 2018/9 for companies that treated themselves as non-re...Read MoreRead More
The Commissioner's annual ruling on the effective life of depreciating assets was released on 30 June 2021. TR 2021/3 with effect from 1 July 2021, includes new effective life determinatio...Read MoreRead More
On 30 June 2021, with effect from 1 July 2021, the ATO released its annual ruling on the amounts the Commissioner treats as reasonable for 2021-22 in relation to employee claims for:
ov...Read MoreRead More
The Tasmanian Parliament has passed the Treasury Miscellaneous (Cost of Living and Affordable Housing Support) Bill 2021, which includes:
increasing the First Home Owners Grant from ...Read MoreRead More
