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The ATO has released its draft risk assessment framework for inbound distributors

11 Feb 2019

The ATO has recently released its draft risk assessment framework for inbound distributors, Practical Compliance Guideline (PCG or the Guidelines) 2018/D8.

Change in fuel tax credits from 4 February 2019

01 Feb 2019

The ATO has announced a change in the fuel tax credits (“FTC”) rate from 4 February 2019. This FTC rate change is reflective of the bi-annual indexation of rates which are made in line with the consumer price index (“CPI”).

The ATO recently released a draft GST determination targeting credit card providers

28 Jan 2019

The ATO recently released a draft GST determination targeting credit card providers that seeks to alter some key principles of how the ATO permits GST recovery.

The Department of Home Affairs announces data exchange program with ATO

18 Jan 2019

The Department of Home Affairs have released a gazette notice announcing a broad data exchange programme between themselves and the Australian Taxation Office.

Grant Thornton is pleased to congratulate the shareholders of Lamb Weston Holdings Inc. (Lamb Weston)

11 Jan 2019

Grant Thornton is pleased to congratulate the shareholders of Lamb Weston Holdings Inc. (Lamb Weston), a leading Idaho based American food processing company, on their acquisition of the Australian based frozen potato processor MARVEL PACKERS PTY LTD.

The ATO continues to focus on their use of data to risk profile multinational taxpayers

18 Dec 2018

With the ATO continuing to focus on their use of data to risk profile multinational taxpayers, changes will impact lodgements before the 15th of January.

New Division 7A rules proposed

10 Dec 2018

Division 7A turned 21 this month. These rules, that govern so-called non-commercial loans and payments between private companies and their shareholders and associates, have long been unwieldy and difficult to comply with.

Increasing risks of foreign bribery, is your business ready?

22 Nov 2018

This is our third client alert in a series on proposed law reforms, the previous regarding Whistleblowing and Modern Slavery.

Foreign purchaser stamp duty surcharge on residential property

13 Nov 2018

WA is the latest State to levy a surcharge on direct and indirect acquisitions of residential property by foreign purchasers.

Grant Thornton advises on the successful sale of AudioXtra to AUTOBACS SEVEN

07 Nov 2018

Grant Thornton is pleased to congratulate the shareholders of AudioXtra Pty Ltd (AudioXtra), a leading specialist mobile and car electronics manufacturer, wholesaler and distributor, on their sale to the Japanese listed automotive wholesaler and retailer, AUTOBACS SEVEN Co. Ltd. (AB7).