Taxation Determination On Deductions For Bad Debts: Trust Beneficiaries And UPEs
In a new tax determination, the ATO states that a beneficiary is not entitled to [...]
New ATO Data-matching Program: Ride-sourcing
The ATO has announced a new data-matching program involving ride-sourcing providers. Under the program, the [...]
Admin Penalties Of 75% For Failing To Lodge FBT Returns
The AAT has confirmed that 75% administrative penalties were rightfully imposed on several companies for [...]
No Disclaimer Of Trust Interest: Unsuccessful Appeal
A beneficiary of two trusts whose assessable income was increased from some $70,000 to some [...]
Onus On Taxpayers To Show No Fraud Or Evasion: Full Federal Court
Several taxpayers have been unsuccessful in their appeals to the Full Federal Court in which [...]
ATO Priority On Settling Cases – But Not At Any Cost
The ATO has advised that it places a high priority on resolving tax disputes early, [...]
ATO Develops Work-related Expenses Risk Profiles
The ATO has developed work-related expenses risk profiles to help it identify how work-related expense [...]
Tax Debt Release Applications Refused
The Administrative Appeals Tribunal (AAT) has recently refused the applications of two individuals who sought [...]
ATO Data-matching Programs Continue
The ATO has advised that it will continue with the following data-matching programs. Share transactions [...]
Payment Was Assessable As “Deferred Compensation”
The High Court has unanimously dismissed a taxpayer’s appeal and held that payments of US$160 [...]