Build-to-rent properties: building allowance, MIT withholding rate  

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...Read More Read More

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...Read More Read More

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...Read More Read More

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...Read More Read More

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...Read More Read More

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...Read More Read More

Changes to income thresholds for Medicare levy surcharge for 2024 financial year

April 20, 2023

The income thresholds for Medicare levy surcharge increases from 1 July 2023 ThresholdBase tierTier 1Tier 2Tier 3Single threshold$93,000 or less$93,001 – $108,000$108,001 – $144,000$...Read More Read More

Victoria: New payroll tax ruling on interest and penalty tax

April 6, 2023

The State Revenue Office of Victoria has issued a ruling PTA-036v5 to replace PTA-036v4 , with effect from 1 April 2023. Under PTA-036v5, when an employer makes a voluntary disclosure...Read More Read More

Buy-now, pay-later providers: GST considerations

April 6, 2023

The ATO has released a "guidance" which sets out what it sees as the key GST considerations for buy-now, pay-later providers. It focusses on assisting providers to determine their entitlem...Read More Read More

Options to resolve ATO disputes

April 6, 2023

The ATO reminds agents and taxpayers if they disagree with a decision the ATO made about their tax affairs, they may be able to use one of their free options for resolving disputes. ...Read More Read More