Improving the integrity of GST on property transactions
The Government has released exposure draft legislation for public consultation on improving the integrity of GST on property...
ATO statement regarding the ‘Paradise Papers’
The International Consortium of Investigative Journalists (ICIJ) is today reporting about information they have in relation to offshore...
GST on imported services and digital products for Australian businesses
Australian goods and services tax (GST) generally applies to sales of imported services and digital products to Australian consumers....
Commissioner’s speech to COSBOA Small Business Summit
In a speech to COSBOA last week, the Commissioner said the ATO will be very publicly targeting: Lack of, or inconsistent, record keeping...
Foreign resident capital gains withholding payments - impacts on foreign and Australian residents
On 9 May 2017, the Government announced changes to the foreign resident capital gains withholding (FRCGW) rate and threshold. The changes...
GST applies to international sales of services and digital products into Australia (the Netflix tax)
From 1 July 2017, GST will apply to imported services and digital products. If you are an Australian GST registered business, you will...
GST - removing the double taxation of digital currency
On 9 May 2017, the Government announced that from 1 July 2017 it will align the GST treatment of digital currency (such as Bitcoin) with...
Improving the small business capital gains tax concessions
On 9 May 2017 the Government announced that it would amend the small business capital gains tax (CGT) concessions to ensure that they can...
Capital gains tax changes for foreign investors
On 9 May 2017 the Government announced that Australia's foreign resident capital gains tax (CGT) regime will be extended to deny foreign...
Temporary budget repair levy
As part of the 2014-15 Federal budget the Government announced that it will impose a temporary Budget Repair levy of 2% on that part of a...
