The Treasurer announced on Monday 13 December 2021 that the SME Loan Guarantee Scheme will be extended by 6 months to 30 June 2022.
This extension keeps the same terms and conditions as...Read MoreRead More
DGRs that were endorsed under one of the 11 amended DGR categories prior to 14 December 2021, need to check they meet the changed requirements. From 14 December 2021 all general deductible...Read MoreRead More
The ATO has released a fact sheet for employers on the tax and superannuation consequences of providing incentives or rewards to employees who get vaccinated against COVID-19.
Specifica...Read MoreRead More
The ATO has finalised Practical Compliance Guideline PCG 2021/4 Allocation of professional firm profits – ATO compliance approach that sets out the ATO’s compliance approach to the al...Read MoreRead More
Revenue SA is reminding taxpayers and their advisers that where land was acquired by a discretionary trust on or before 16 October 2019, the discretionary trust has until 31 December 2021 to...Read MoreRead More
Practice Statement PS LA 2021/3 was finalised by the ATO on and with effect from 25 November 2021, sets out the ATO's revised decision-making principles for remitting the additional superan...Read MoreRead More
Four Class Rulings were issued on Wednesday 24 November 2021:
CR 2021/79 - Woolworths Group Limited - off-market share buy-back.
CR 2021/80 - Two10degrees Pty Ltd - use of Globa...Read MoreRead More
he NZ IRD has published Operational Statement OS 21/04 which clarifies the tax withholding obligation of non-resident employers (including from Australia) in cross-border employment situat...Read MoreRead More
On Thursday 11 November, the ATO released an updated version of Practical Compliance Guideline PCG 2017/2, which gives eligible entities various simplified transfer pricing record-keeping o...Read MoreRead More
Taxation Determination TD 2021/8, issued on Wednesday 10 November, sets out the 2021-22 amounts the ATO will accept as estimates of the value of goods taken from trading stock for private us...Read MoreRead More
