On 6 December 2013, Treasury released the Economic Roundup Issue 2, 2013 publication.
The Australian Taxation Office (ATO) intends to issue 1 Draft Taxation Ruling, 1 Draft Taxation Determination, 1 Draft Wine Equalisation Tax Ruling, 2 Class Rulings, 12 Addenda, 1 Withdrawal and 1 Erratum at 2pm on 11 December 2013. This list is subject to change.
- Changes to the HELP voluntary repayment bonus
- Contacting businesses about taxable payments annual reports
On 5 December 2013, the Chancellor of the Exchequer, George Osborne, announced the release of Autumn Statement 2013: overview of tax announcements.
On 8 December 2013, the Treasurer, Joe Hockey, issued a media release on the Government’s proposal to stop $900 “stimulus” payments from being sent to taxpayers four years after the Global Financial Crisis.
On 7 December 2013, the Minister for Trade and Investment, Andrew Robb, issued a media release welcoming the historic trade agreement reached by Trade Ministers of 159 countries.
On 6 December 2013, the Australian Securities and Investments Commission (ASIC) issued further guidance to assist the industry with superannuation reforms, as well as a consultation paper about keeping superannuation websites up to date.
For an Australian Tax Director interested in a brief overview of the latest tax developments internationally, a selection of recent KPMG publications available via various KPMG websites is listed below.