314 results found

This paper provides importers and others in international trade an opportunity to shape the future taxation of imports.

It appears that merely applying for a private ruling can provide a form of penalty protection for the transaction.

The Australian Taxation Office has released its Decision Impact Statement following the High Court's landmark Bendel judgment on unpaid present entitlements and Division 7A. While some taxpayers who maintained passive arrangements may find relief, significant questions remain about the application of anti-avoidance provisions and the Commissioner's discretionary powers. The statement signals important changes to longstanding ATO guidance and raises critical considerations for trust and corporate beneficiary

Those who willingly take part in the cash economy should know that it is illegal and there could be harsh consequences.

An unpaid present entitlement (UPE) is not a "loan" for Division 7A purposes.

Understand exactly what actions can be taken under the settlement deed and develop strategies to manage your risk.

Under the new policy, the ATO will disclose certain business tax debt information to credit reporting bureaus.

Taxpayers can object to assessments, while defending proceedings where the ATO seeks to recover the disputed tax debt.

A Bill has been introduced into the NSW State Parliament that proposes to introduce various stamp duty and land tax amendments. The Bill is yet to be debated in the Legislative Assembly.</

In addition to various measures implemented by the Federal Government in response to COVID-19, state and territory governments have announced a range of initiatives intended to help businesses and individuals ...

The Australian Taxation Office has announced the removal of deductibility of non-compliant salary expenses and companies must act urgently before its implementation on 1 July 2019.

Two companies run by former property developer Sam Fayad, have been placed in liquidation following action by the ATO.

Taxpayer litigants need to focus on three key ingredients in litigation against the ATO - facts, evidence and advocacy.

While the statistics within the Report are staggering, SMEs should be proactive in their approach to ATO liabilities.

Early legal input at the structuring stage often makes the difference between a development model that withstands regulatory scrutiny and one that becomes costly to unwind.

Banks are now required to collect information from customers who are non-resident, to share with tax authorities.

Private drawings from a company can trigger serious and unexpected tax consequences if they are not structured and documented correctly.