The OECD has released updated guidance on the Country-by-Country (CbC) reporting regime under BEPS Action 13 to give multinational groups and tax authorities more certainty around implementa...Read MoreRead More
The ATO has extended its package of tax assistance for people impacted by the bushfires in New South Wales, Victoria, Queensland, South Australia and Tasmania as part of the whole-of-gove...Read MoreRead More
The Board of Taxation's recommendations include having the 183-day test as the primary rule for tax residency supplemented by a “commencing residency test” for individuals who are not re...Read MoreRead More
Foreign residents will be no longer claim the CGT main residence exemption upon disposal from 30 June 2020. The new legislation has removed the main residence exemption for foreign residents...Read MoreRead More
Many businesses will be shut down during the holiday period, especially in December and January. But when you report through Single Touch Payroll (STP) you need to lodge your payroll informa...Read MoreRead More
The ATO has warned taxpayers that it holds data on more than $100 billion held in offshore accounts and uses sophisticated analyses to identify the taxpayers with unreported foreign income.
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The State Taxation Acts Amendment Act 2019 received Royal Assent yesterday and introduces a number of changes to duties, land tax, payroll tax and land valuations, including those flagg...Read MoreRead More
Low and Middle Income Tax Offset (LMITO) amount and availability have been changed for 2019 financial year.
Please note the following guidance and contact us if you have any questions:
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From the 2019–20 financial year onwards, businesses providing road freight, information technology (IT), security, investigation or surveillance services are legislated to report contracto...Read MoreRead More
What is Single Touch Payroll (STP)?
STP is a reporting system to send PAYG withholding tax and Superannuation details to ATO from the STP-enabled software to ATO each time when you pay yo...Read MoreRead More
