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
From 1 November 2021, where an employee has an existing superannuation account, that account will be "stapled" and follow the employee when they change jobs. Employers will need to request s...Read MoreRead More
During November and December, the ATO may contact tax practitioners to advise its intention to cancel their clients' Australian business number (ABN), where there is evidence they are no l...Read MoreRead More
Australia’s 2.7 million company directors can now apply for their new Director identification numbers (director ID). In the first few hours after the launch of service, more than 2,000 peo...Read MoreRead More
