Summary of 2008-2019 Local technical and financial reporting alerts
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Technical Alert
2008-2019 Local technical and financial reporting alerts
Client Alert
Update on loss carry-back provisions
The much-discussed loss carry-back provisions were introduced into Parliament yesterday (Wednesday 13 February 2013). These provisions seek to allow a company to carry back losses incurred in the current income year to be offset against taxable income from previous years. This will allow companies to access their tax losses sooner, effectively relieving pressure on businesses operating in today’s patchwork economy.
Client Alert
Tax Alert: ATO releases long overdue guidance about GST treatment of premises
Late last year the ATO released guidance on the GST treatment of residential premises and commercial residential premises in the form of three new GST rulings.