- The Administrative Appeals Tribunal (“AAT”) hands down decision on fuel tax credits (“FTC”)
- Back to the Future for QBCC Minimum Financial Requirements
- Impact of new whistleblowing laws
- The ATO has released its draft risk assessment framework for inbound distributors
- Change in fuel tax credits from 4 February 2019
- The ATO recently released a draft GST determination targeting credit card providers
- The Department of Home Affairs announces data exchange program with ATO
- Grant Thornton is pleased to congratulate the shareholders of Lamb Weston Holdings Inc. (Lamb Weston)
- New Victorian Government funding opportunity for businesses announced
- Proposed revisions to APS 220 Credit Risk Management
- Northern Territory Budget 2019-20
- Western Australia State Budget 2019-20
- Foreign incorporated companies relocating central management and control
- Northern Territory Property Activation Levy
- Important changes to the ALDT
- Financial reporting thresholds doubled for ‘large’ proprietary companies
- Victorian State Budget 2019-20
- GST and changes to the intended use of residential property
- Queensland State Budget 2019-20
- ACC achieves registration as a higher education provider
- New South Wales State Budget 2019-20
- South Australian State Budget 2019-20
- Prudential review findings
- Another milestone for Lamb Weston Holdings Inc.
- GST Update: GSTR 2019/D1 Creditable purpose of acquisitions in relation to transaction accounts
- Proposed ATO powers to crack down on Companies, Directors and illegal phoenixing
- CountPlus announces acquisition of Count Financial Limited
- GST and healthy food: more food for thought required
- Limiting tax deductions for vacant land
- Superannuation amnesty is ‘back on’
- Accounting and Taxation Treatment of Software Development Expenditure
- NSW Government crackdown on land tax
- Changes to Duties and Land Tax tabled in NSW to impact M&A deals and discretionary trusts
- Globally mobile employees selling Australian ‘main residence’ to lose Capital Gains Tax exemption under draft legislation
- Limiting tax deductions for vacant land - amended and passed
- Travel industry: Closing the GST loophole for off-shore sellers of accommodation
- Payroll assurance
- Superannuation Guarantee amnesty Bill passes the House of Representatives
- Car Parking Fringe Benefits extended to the suburbs
- Queensland Land Tax Surcharge Changes
- Foreign surcharges – time to amend discretionary trusts
- Year in review 2019: Australian employment taxes
- Project Bank Accounts expansion on its way
The Queensland Government has revealed its intentions to expand the application of mandatory PBAs, and proposed timeframes for the roll-out of Project Bank Accounts (PBAs).
2019 has been an interesting and challenging year for businesses, both large and small. As well as grappling with a weakening economy and an unsettled global trading environment, one consistent theme that stands out in Australia is an increased focus on employment tax compliance, with a raft of law changes, audit activity and landmark cases.
After considerable agitation from the property industry, the Queensland Government announced last week in its 2019-20 Mid-Year Fiscal and Economic Review its intention to broadly follow the Victorian approach regarding exemptions for property developers and taxpayers who contribute to the State economy.
By way of an update to our alert in October on the NSW land tax amnesty, taxpayers initially had until 31 December 2019 to change their trust deeds such that they are not inadvertently deemed to be “foreign persons”.
A recent draft taxation ruling, TR 2019/D5, extends the Tax Office’s interpretation of what constitutes a “commercial car parking station” as a result of a Full Federal Court decision regarding airport car parks.
All organisations are grappling with the myriad of employee agreements and obligations that result in a wide variety of payments to their people.
The Treasury Laws Amendment (Recovering Unpaid Superannuation) Bill 2019 was passed by the House of Reps today without amendment. It now moves to the Senate.
In a world where a company’s tax payments (or lack thereof) are under increasing scrutiny, both the Australian Taxation Office (ATO) and the Australian Accounting Standard Board are now enforcing new reporting obligations that will see companies disclose their “uncertain” tax positions in their annual tax returns and financial statements.
Advertised as part of its campaign to ensure multinationals pay their fair share of tax in Australia, the Federal Government has recently amended the A New Tax System (Goods and Services Tax) Act 1999 (Cth) (“GST Act”), significantly changing the GST landscape for offshore sellers of Australian accommodation.
Legislation seeking to deny a deduction for the costs of holding Vacant Land (Treasury Laws Amendment Bill 2019) has been amended by the Senate and subsequently approved by the House of Representatives on 22 October 2019.