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 [...]
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 [...]