Payment Was Assessable As “Deferred Compensation”
The High Court has unanimously dismissed a taxpayer’s appeal and held that payments of US$160 [...]
Companies Held To Be Resident And Liable To Tax In Australia
In a long-running saga, the High Court has unanimously dismissed the appeals of four corporate [...]
GST And Countertrade Transactions
The ATO has issued a Practical Compliance Guideline which sets out the Tax Commissioner’s compliance [...]
Travel Expense And Transport Of Bulky Tools Claim Denied
An individual has been unsuccessful before the Administrative Appeals Tribunal in a matter concerning certain [...]
Contrived Trust Arrangements In ATO Sights
The ATO has cautioned taxpayers against arrangements that seek to minimise tax by creating artificial [...]
SMSF Related-party Borrowing Arrangements
The ATO has issued a taxation determination (TD 2016/16) concerning whether the ordinary or statutory [...]
Research And Development Tax Incentive Rates Change
The Federal Government has reduced the rates of the tax offset available under the research [...]
Primary Producer Income Tax Averaging
Legislation has been introduced in Parliament that proposes to allow primary producers to access income [...]
Budget Superannuation Changes On The Way
The Federal Government has been consulting on draft legislation to give effect to most of [...]
Social Welfare Recipients Data-matching Program
The Department of Human Services (DHS) has released details of a data-matching program which will [...]