Australia

Monday 20 April 2015  

(1) UK and Australia collaborate on multinational tax
(2) A New Tax System (GST, LCT, and Wine Tax) Direction 2015
(3) ATO Organisational Structure updated
(4) ATO Interpretative Decisions - 17 April 2015
(5) ATO website updates
(6) No changes to negative gearing: PM
(7) Tax (financial) advisers: TPB info sheets on sufficient/relevant experience
(8) For the International Tax Director

(1) UK and Australia collaborate on multinational tax

The establishment of a joint working group comprising senior officials to develop measures to address the diversion of profits by multinational enterprises away from their host countries was announced on 19 April 215.


(2) A New Tax System (GST, LCT, and Wine Tax) Direction 2015

The A New Tax System (GST, Luxury Car Tax and Wine Tax) Direction 2015 was registered on 17 April 2015.


(3) ATO Organisational Structure updated

The Australian Taxation Office (ATO) updated its ATO organisational structure as of 13 April 2015.


(4) ATO Interpretative Decisions - 17 April 2015

On 17 April 2015, the Australian Taxation Office (ATO) released one interpretative decision and withdrew one other.

(5) ATO website updates

  • Missing PAYG withholding payment summaries
  • Selling or closing a small business webcast
  • Early ATO warning - franked distributions funded by capital raisings
  • Business and practitioner - troubleshooting
  • Business bulletins
  • Deferral requests at peak lodgment periods – what you need to know
  • Do you have clients exporting goods and services?
  • Does your client need to lodge an FBT return?


(6) No changes to negative gearing: PM

On 16 April 2015, the Prime Minister, Tony Abbott and Parliamentary Secretary to the Prime Minister, Alan Tudge gave a joint doorstop interview in Boronia, Victoria.


(7) Tax (financial) advisers: TPB info sheets on sufficient/relevant experience

TPB released a finalised Information Sheet, TPB(I) 25/2015, on Applying for registration during the transitional period: Sufficient experience to be able to provide tax (financial) advice services to a competent standard.


(8) For the International Tax Director

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.

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