New Year, New Scam
The Australian Taxation Office (ATO) is warning taxpayers to be alert for scammers impersonating the ATO, as they change tactics in 2019....
Changes to company tax rates
Base rate entity company tax rate From the 2017–18 income year, companies that are base rate entities must apply the lower 27.5% company...
Residential rental property travel expenses
From 1 July 2017, travel expenses relating to a residential investment property are not deductible. A residential premise (property) is...
The future of transfer pricing: an Australian perspective
Deputy Commissioner Mark Konza, PSM Opening address to the Tax Institute's 2018 National Transfer Pricing Conference Sydney, 8 August...
Attention all car owners - you must declare what you share!
As part of its focus on sharing activities, the Australian Taxation Office (ATO) has announced it will be turning its attention to anyone...
Applying GST to low value imported goods
From 1 July 2018, businesses that sell goods into Australia and meet the goods and services (GST) registration threshold of A$75,000 will...
Proposed Superannuation Guarantee Amnesty
On 24 May 2018, Minister for Revenue and Financial Services announcedExternal Link the commencement of a 12 month Superannuation...
GST withholding for certain taxable supplies of property from 1 July 2018
There have been law changes to improve the integrity of GST on certain property transactions starting on 1 July 2018. The property...
GST on low value imported goods
From 1 July 2018, Australian goods and services tax (GST) will apply to sales of low value goods imported by consumers into Australia....
New small business benchmarks are now available
New small business benchmarks are now available on the ATO app or online: https://www.ato.gov.au/Business/Small-business-benchmarks/In-de...
