Victorian Bushfires – Tax and Duty relief
January 29, 2020
The Victorian Government has announced a range of tax relief measures for people and businesses affected by bushfires.
They include:
-Land tax relief on properties that have been affecte...
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CbC reporting guidance from OECD updated
January 23, 2020
The OECD has released updated guidance on the Country-by-Country (CbC) reporting regime under BEPS Action 13 to give multinational groups and tax authorities more certainty around implementa...
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Tax assistance to bushfire victims extended
January 23, 2020
The ATO has extended its package of tax assistance for people impacted by the bushfires in New South Wales, Victoria, Queensland, South Australia and Tasmania as part of the whole-of-gove...
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Reforming individual tax residency rules: Board of Taxation recommendations
January 23, 2020
The Board of Taxation's recommendations include having the 183-day test as the primary rule for tax residency supplemented by a “commencing residency test” for individuals who are not re...
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CGT main residence exemption is removed from 30 June 2020 for Foreign Residents
January 21, 2020
Foreign residents will be no longer claim the CGT main residence exemption upon disposal from 30 June 2020. The new legislation has removed the main residence exemption for foreign residents...
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