Nevertheless, he said, such changes would help “simplify the system” and, in the case of New Zealand, did allow a lot more people to get what’s called push returns”. Standard tax deduction could create ‘winners and losers’ There’s also been discussion over the years about whether A...
Tough new changes to work-from-home deductions being implemented by the Australian Taxation Office is possibly one reason for a record high intake of graduates this year. The ATO’s public service graduate intake for its 12-month program is the highest it has been, with 530 onbo...
In light of recently announced legislative changes, the practicality of the s 1 77C test in delineating "tax benefits" is further explored. [ FROM AUTHOR]RussellTimEBSCO_bspAustralian Tax Review
"The ATO uses third party data to improve the integrity of the tax system by identifying taxpayers who fail to disclose their income details correctly. We also use third-party data to assist taxpayers in meeting their tax obligations through pre-filling of tax returns," Deputy Commissioner Will ...
ATO ID 2014/36 ‘GST and changes in net amount where an entity has noticed the Commissioner of an entitlement to a refund”– whether the four-year time limit in s 105-50 of Schedule 1 to the TAA applies to prevent an unpaid amount of GST being taken into account in working out a ...
The article reports on the issuance of warnings to self-managed superannuation funds trustees about the non-commmercial use of negotiable instruments to gain income tax and superannuation credits by Australian Taxation Office (ATO). The move is in response to the super contributions cap changes ...