Grant Thornton Australia joins Grant Thornton Advisors multinational platform. Read more.
By: Yan Wong
18 Nov 2021 1 min read
However, the ATO has publicly encouraged taxpayers to be proactive in negotiating payment plans if they are struggling to repay their tax debts for example if they are able to demonstrate ongoing impacts of COVID-19 or other legitimate hardship, such as a natural disaster.
If a small business is denied relief and believes it is being treated improperly by the ATO under the taxation laws, or inconsistently with the ATO Charter, they may consider pursuing relief from external bodies such as the Inspector General of Taxation, Commonwealth Ombudsman, the Administrative Appeals Tribunal or the Courts.
ATO guidance increases evidence requirements for treaty claims through FTE structures.
New CGT reforms reshape M&A, valuations and exit planning. Understand the key implications.
A mining project is not only defined by what sits in the ground, but also by how effectively it is converted into financed, deliverable and cash-generating production.