Business bulletins newsroom archive

Business bulletins newsroom archive

Business bulletins newsroom archive
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Employer information (Press right to open, left to close.)
10 Jun 2021
Withholding the right amount for seasonal workersThe law has been modified under the Commissioner's remedial power so that workers in the Seasonal Worker Program continue to be taxed at 15% where their visa class changed due to COVID-19.
28 May 2021
Super Guarantee rate rising 1 JulyThe superannuation guarantee rate will increase from 9.5% to 10% on 1 July 2021.
06 May 2021
Avoid the sting of a super high penaltyLodge and pay the super guarantee charge with us if you miss or pay super late.
08 Apr 2021
Claim March JobKeeper paymentsIf you're currently receiving the JobKeeper Payment, your final payment will be processed in April 2021.
10 Mar 2021
JobMaker Hiring Credit - three simple stepsEligible employers can claim the JobMaker Hiring Credit for eligible additional employees hired until 6 October 2021. Learn more about what you need to do to claim.
29 Jan 2021
Claiming the JobMaker Hiring CreditEligible employers can claim JobMaker Hiring Credit payments from 1 February 2021.
29 Jan 2021
Employees now have more choice with superAll new workplace determinations and enterprise agreements made on or after 1 January 2021 must allow employees the right to choose their super fund.
25 Jan 2021
Missed, underpaid or late super paymentsIf you missed the 28 January super guarantee due date, you need to lodge a superannuation guarantee charge statement by 1 March to avoid penalties.
07 Dec 2020
Register your business for the JobMaker Hiring CreditTo qualify, both employers and employees must meet eligibility criteria.
02 Dec 2020
Key dates for the second JobKeeper Payment extensionInformation on key dates and payment rates for large employers who are eligible for the second JobKeeper extension.
30 Nov 2020
Important considerations when hiring workersTo help you get on the right track, we've outlined some useful checklists and tools.
03 Nov 2020
Missed or underpaid super payments?If you missed the 28 October super guarantee due date you need to lodge a superannuation guarantee charge statement by 28 November to avoid penalties.
28 Sep 2020
New TPAR record and lodgment functionsReporting contractor payments is now easier with new save and resume functions added to the online form for Taxable payment annual reports (TPAR).
11 Sep 2020
Lodge your TPAR if your business has paid contractorsTPAR were due on 28 August, if you haven't lodged, we have resources available to help you.
08 Sep 2020
Varying your PAYG instalmentsVarying your pay as you go (PAYG) instalments during these uncertain economic times.
28 Jul 2020
Plan for your cash flow boost amounts by using our estimatorIf you're eligible for the cash flow boost, our Cash flow boost estimator will show you how we calculate the credits and how much you may receive in your activity statements.
26 Feb 2019
Emergency assistance for your employeesFind out what fringe benefits tax (FBT) exemptions apply to assistance you provide to your employees in emergencies such as natural disasters.
03 Dec 2018
Do your employees live in a remote area?We're reviewing our published lists of remote and non-remote areas for FBT.
GST (Press right to open, left to close.)
07 May 2021
The margin scheme - made easierAvoid the two most common errors when applying the margin scheme.
20 Nov 2020
GST governance, data testing and transaction testing guideFind out how to access the ATO's GST Governance, Data Testing and Transaction Testing Guide.
28 Sep 2020
GST credits for costs relating to financial suppliesNew and updated information about GST credits for costs relating to transaction accounts and home loans for financial suppliers.
10 Sep 2020
GST and newly built homesHere's what you need to know if you have built a new residential home and want to sell it or rent it out.
06 Jul 2020
PAYG and GST instalments - no GDP adjustmentThe gross domestic product (GDP) adjustment for 2020–21 is nil.
20 Sep 2019
Have you used the margin scheme correctly?Familiarise yourself with the margin scheme before selling property, to determine your eligibility to use the scheme and ensure the law is applied correctly.
General (Press right to open, left to close.)
16 Jun 2021
Keep your ABN details up to dateThis tax time, make sure your details are correct so only the right people have the right access to act on behalf of your business.
26 May 2021
Continued support for SGEsFailure to lodge penalties will be remitted for some significant global entities (SGEs) who lodge their 2021 income tax returns late, due to the impacts of COVID-19.
26 May 2021
Concessions for small businessesBusinesses with less than $50 million turnover can now access a range of tax concessions.
25 May 2021
New R&D Tax Incentive customer portalThe Department of Industry, Science, Energy and Resources has launched a new portal to make it easier for companies to manage their applications for the Research and Development (R&D) tax incentive.
08 Apr 2021
Make the switch now to Online services for businessThe Business Portal decommission date is fast approaching. Try Online services for business now.
08 Apr 2021
Trio penalised $9.4 million for tax exploitation schemeA solicitor, financial planner and accountant have been penalised for creating and promoting a scheme to falsely claim deductions for Emissions Reduction Purchase Agreements.
11 Mar 2021
Report on foreign held water now availableThe latest Register of foreign ownership of water entitlements report is now available.
10 Mar 2021
VPN Federal Court Decision - customer contributions and gifted assetsA decision impact statement is now available outlining the Full Federal Court judgement handed down on 21 October 2020 on the appeal case of Victoria Power Networks v Commissioner of Taxation, which ruled partially in favour of the taxpayer.
10 Mar 2021
Protect yourself from phoenixingSimple steps to stop illegal phoenix activity from compromising your business.
25 Feb 2021
Review your family trust elections to get your tax rightRegularly review family trust and interposed entity elections to ensure you don't have to pay family trust distribution tax.
24 Feb 2021
R&D tax incentive - registrations podcastBrett Challans from the ATO joins Kelly Wiggins from DISER to discuss the R&D tax incentive registration process and common mistakes companies make.
19 Jan 2021
Online services for business is here!Online services for business is replacing the Business Portal and electronic superannuation audit tool (eSAT), making it easier for you to interact with us online.
16 Dec 2020
Loss carry back refundable tax offsetIn the 2020–21 and 2021–22 income years, corporate entities may be able to claim a refundable tax offset if their businesses made tax losses in the 2019–20, 2020–21 or 2021–22 income years.
16 Dec 2020
Temporary full expensing available for businessesEligible businesses can claim the temporary full expensing deduction in their 2020–21 and 2021–22 income years.
08 Dec 2020
It's important to lodge on timeDon't delay lodging, even if you can't pay by the due date.
07 Dec 2020
Support during difficult timesIf you, your business or your staff are struggling with difficult circumstances, contact us to discuss your support options.
07 Dec 2020
New features continue for RAMMore features have been rolled out for Relationship Authorisation Manager (RAM) to help you manage your business links and authorisations.
12 Oct 2020
Legislative Instrument registered for FRCGW and mortgagee arrangementsA new Legislative Instrument for PAYG withholding variation for foreign resident capital gains has been registered.
09 Oct 2020
Are you ready for your final boost?From 1 October, the final cash flow boost instalment will be credited when you lodge your activity statement, if you are eligible.
25 Sep 2020
Make your business contactable in an emergencyEmergency services and government agencies can use ABN details to provide help to your clients in times of emergency. Check your ABN details are current.
18 Aug 2020
Draft Practical Compliance Guideline 2017/4DC2We are seeking feedback on Draft Schedule 3 of PCG 2017/4DC2 ATO compliance approach to taxation issues associated with cross-border related party financing arrangements and related transactions.
18 Aug 2020
Corporate tax transparency dataWe are notifying certain corporate tax entities in September that we'll be extracting data from their lodged tax returns for the 2018–19 Report of entity tax information.
17 Aug 2020
Changes to the Business bulletins newsletterFrom September, we're sending the Business bulletins newsletter from a new provider and email address. Find out what you need to do so you don't miss your copy.
04 Aug 2020
Loans put on hold during COVID-19We've clarified our position on loans that have been put on hold during COVID-19.
04 Aug 2020
PAYG withholding registration during COVID-19See our new guidance on employer Pay as you go (PAYG) withholding registration, for employees working in Australia temporarily due to COVID-19 effects on travel.
03 Aug 2020
Transfer pricing legislation updateTransfer pricing legislation has been updated to refer to the 2017 OECD transfer pricing guidelines as the relevant guidance material.
30 Jul 2020
Where to find our COVID-19 FAQsInformation that was previously published as frequently asked questions during the early stages of COVID-19 has been relocated for easier access and reference.
22 Jul 2020
Ongoing support for large businessesIf you are having difficulty meeting lodgment obligations, we're here to help.
21 Jul 2020
Have your say on the JMEIIndustry stakeholders and participants of the Junior Minerals Exploration Incentive (JMEI) are invited to provide feedback by Monday 27 July 2020.
17 Jul 2020
Taxation Ruling TR 2020/2Taxation Ruling TR 2020/2 Income tax: deductions for expenditure on environmental protection activities is finalised.
16 Jul 2020
Participate in our effective life reviewsParticipate in our effective life reviews to help us accurately reflect current industry practice. We are reviewing a number of industries.
08 Jul 2020
Integrity rule Law Companion Ruling finalisedDraft Law Companion Ruling LCR 2019/D1 targeted integrity rule has been released.
07 Jul 2020
Foreign investors mandated reporting for fund payment noticesForeign investors who have invested through a stapled structure, are now mandated to report certain information on fund payment notices.
06 Jul 2020
Ride-sourcing travel exempt from FBTTravel provided to employees from 1 April 2019 in ride-sourcing vehicles (other than a limousine), in a single trip to or from the workplace will be eligible for the fringe benefits tax (FBT) taxi travel exemption.
03 Jul 2020
Division 7A administrative relief for minimum yearly repaymentsBorrowers affected by the COVID-19 situation can apply for administrative relief for Division 7A minimum yearly repayments.
02 Jul 2020
Final reminder: CRS and FATCA reports by 31 JulyFinal reminder to lodge your Australian Common Reporting Standard (CRS) or Foreign Account Tax Compliance Act (FATCA) reports by 31 July 2020.
23 Jun 2020
Foreign Ownership of Agricultural Land ReportNew Register of Foreign Ownership of Agricultural Land Report available.
23 Jun 2020
Foreign Ownership of Water Entitlements ReportNew Register of Foreign Ownership Water Report available.
19 Jun 2020
Changing related party agreementsOur compliance approach for changes to related party agreements in the COVID-19 environment.
19 Jun 2020
Maintaining the integrity of COVID-19 stimulus measuresHow we are protecting the integrity of the COVID-19 stimulus measures.
19 Jun 2020
Claim backing business investment this tax timeBusinesses may be able to claim accelerated depreciation deductions via the backing business investment (BBI) this tax time. See if you qualify.
19 Jun 2020
Top 1,000 assurance reviewsYou may be contacted as we start our Top 1,000 GST assurance review and Next actions programs.
16 Jun 2020
Preparing for additional cash flow boostsAdditional cash flow boosts available to eligible employers from 1 July.
International (Press right to open, left to close.)
16 Jun 2021
International dealings schedule 2021Find out about our latest updates to the International dealings schedule 2021.
26 Mar 2021
Belgium MOU a first for MLI tax treaty arbitrationAustralia’s first Memorandum of Understanding (MOU) for arbitration under the Multilateral Instrument (MLI) is available. Read how taxpayers with Australia-Belgium tax issues, unresolved under the Mutual Agreement Procedure, can apply for arbitration.
13 Jan 2021
Register of foreign ownership of agricultural land reportThe latest Register of foreign ownership of agricultural land report is now available.
19 Nov 2020
COVID-19 and permanent establishmentsInformation to determine whether the presence of employees in Australia, due to the impacts of COVID-19, may create a permanent establishment.
22 Oct 2020
Insights into foreign purchases and sales of residential real estateThe first data from the Register of Foreign Ownership of Residential Land has been published.
07 Oct 2020
SGE penalties extended to subsidiary entitiesSignificant global entity (SGE) penalties have been extended to subsidiary entities of tax consolidated or multiple entry consolidated (MEC) groups.
07 Oct 2020
Swiss Confederation MOU on tax treaty arbitrationThe Swiss Confederation memorandum of understanding outlines the arbitration process for unresolved issues under the mutual agreement procedure.
10 Sep 2020
Disclosure requirements in Question 49 of the International Dealings ScheduleEnsure your business is meeting disclosure requirements in the international dealings schedule (IDS) instructions, including full details in Question 49 of Section G Hybrid mismatches.
03 Jul 2020
International dealings schedule 2020We have updated our international dealings schedule 2020 and instructions. Find out what changed this year.
02 Jul 2020
Major reforms to foreign investment frameworkMajor reform measures to Australia's foreign investment review framework have been announced to commence in January 2021.
01 Jan 0001
Guidance on the expanded SGE definitionGuidance now available on the recent law changes expanding the SGE definition
Large business (Press right to open, left to close.)
21 Jun 2021
Extension of time to make minimum yearly repayments on Division 7A loansBorrowers affected by COVID-19 can apply for administrative relief for Division 7A minimum yearly repayments.
03 Dec 2020
R&DTI upcoming reforms podcastAssistant Commissioner Jade Hawkins joins Kelley Wiggins, Acting General Manager of Research and development tax incentive (R&DTI) at Department of Industry, Science, Energy and Resources to talk about recent reforms to the R&DTI program.
02 Nov 2020
Taxation in the evolving post-COVID-19 worldSecond Commissioner Jeremy Hirschhorn delivered a speech at the Australian Financial Review’s CFO Live event.
08 Oct 2020
Next 5,000 program in 2020-21Information about this year's Next 5,000 Program Streamlined Assurance Reviews. See our website for how to prepare for a review.
28 Sep 2020
Advising businesses through early engagementEarly engagement is available to help businesses manage their tax and super obligations.
14 Sep 2020
New review for Top 1,000 taxpayersWe will be commencing our combined assurance program for Australia's Top 1,000 tax population.
Law, rulings and policy (Press right to open, left to close.)
21 May 2021
Draft guidance on Intangible Arrangements releasedWe have issued guidance to help businesses comply with their income tax obligations in relation to international arrangements connected with intangible assets. Consultation closes 16 July 2021.
02 Mar 2021
New guidance for the allocation of professional firm profitsPCG 2021/D2 outlines our compliance approach for the allocation of professional firm profits or assessable income of the individual professional practitioner.
Public advice and guidance (Press right to open, left to close.)
18 Jan 2021
New guidance on applying market value substitution rules when there is a buy-back or redemption of hybrid securitiesWe have released a practical compliance guideline (PCG) on applying market value substitution rules (MVSRs) to the buy-back or redemption of hybrid securities.
15 Jan 2021
PCG 2017/4 - Schedule 3 releasedPCG 2017/4 ATO compliance approach to taxation issues associated with cross-border related party financing arrangements and related transactions.
16 Dec 2020
Law Companion Ruling 2020/3Law Companion Ruling (LCR) 2020/3 provides technical guidance on key concepts relating to sovereign immunity and the ‘superannuation fund for foreign residents’ withholding tax exemption.
11 Dec 2020
Taxpayer Alert 2020/05Structured arrangements that provide imputation benefits on shares acquired where economic exposure is offset through use of derivative instruments.
23 Nov 2020
LCR Non-concessional MIT income releasedLaw Companion Ruling 2020/2 Non-concessional MIT income has been published and is relevant to the use of stapled structures.
12 Oct 2020
Anti-abuse rules in tax treaties guidanceGuidance about how we administer general anti-abuse rules such as a principal or main purposes test in any of Australia's tax treaties has been published.
25 Aug 2020
TA 2020/4: Multiple entry consolidated groups avoiding CGTOur Taxpayer Alert 2020/4 addresses multiple entry consolidated (MEC) groups transferring assets to an eligible Tier 1 (ET-1) company prior to divestment to avoid capital gains tax (CGT).
24 Jul 2020
Taxation Determination TD 2020/6We have published TD 2020/6 which finalises our view on the meaning of a ‘restructuring’ under demergers legislation, so a company or fixed trust can test whether tax relief is available.
01 Jan 0001
Thin capitalisation arm’s length debt testUse our finalised advice for completing the arm's length debt test for thin capitalisation purposes.
Tax avoidance (Press right to open, left to close.)
08 Dec 2020
What attracts our attentionUpdated information on the behaviours, characteristics and tax issues that attract our attention is available to help you get your tax and super right.
20 Nov 2020
How to avoid getting dodgy adviceFind out how to avoid untrustworthy advisers.
26 Aug 2020
Catching those who deliberately cheat the tax systemFraudster sentenced to six years jail for intricate asset stripping arrangement.
11 Aug 2020
Don't let your information fall into the wrong handsThis Scams Awareness Week, review your cyber security practices.
06 Aug 2020
Founder and former director of Plutus Payroll sentenced to seven years jailA fifth person, Simon Anquetil, has been sentenced in the Plutus Payroll tax fraud conspiracy.
15 Jul 2020
J5 marks two years of tracking tax evadersNew Tax inVoice podcast episode explores transnational tax crime and the experts who track organised criminals and tax evaders.
06 Jul 2020
Stop cybercrime from going viralKeep your business and employees cyber-safe this tax time.
19 Jun 2020
Get a second opinion on tax avoidance schemesBe wary of tax avoidance scheme promoters to ensure that you don't get caught in illegal activity.
Tax-Time and reporting (Press right to open, left to close.)
16 Jun 2021
Lodge your BAS onlineTry Online services for business to lodge your next quarterly BAS.
01 Jun 2021
CBC reporting lodgment confirmationTo ensure you receive a confirmation email after lodging your country-by-country (CBC) reporting statement, include a valid email address in your lodgment.
31 Mar 2021
How to claim temporary full expensing and loss carry back this tax timeFind out how to claim these JobMaker Plan temporary measures in your 2020-21 tax return.
26 Mar 2021
RTP schedule instructions 2021The RTP schedule instructions 2021 are now available
10 Mar 2021
Review your pay as you go instalmentsIt's a good time to check that your pay as you go (PAYG) instalments still reflect your estimated end of year tax liability.
25 Feb 2021
Need to lodge a 2021 FBT return?Find out which benefits attract FBT and which are exempt to work out your FBT liability.
24 Feb 2021
Changes to STP reporting from 1 JulyChanges to Single Touch Payroll (STP) reporting for small employers with closely held payees and quarterly reporting for micro employers start from 1 July 2021. If you haven't started reporting through STP, start as soon as possible.
16 Feb 2021
Expansion of Single Touch PayrollThe data collected through Single Touch Payroll (STP) will be expanded from 1 January 2022.
01 Feb 2021
Private wealth - withholding tax on overseas interestThe ATO has launched a campaign focusing on withholding tax obligations on interest expenses paid overseas.
01 Dec 2020
December balancers: CBC reporting lodgment deferralA lodgment deferral is available for significant global entities that are December balancers and have CBC reporting obligation due by 31 December 2020.
20 Nov 2020
Non-lodgment of income tax schedulesEnsure you lodge your tax return and the required schedules by the due date to avoid penalties.
11 Sep 2020
Cash flow boost tax time essentialsThe essentials when lodging your return this tax time if you've received a cash flow boost.
07 Sep 2020
Getting it right for tax time 2020Information is available to help large businesses meet their tax and super obligations this tax time.
19 Aug 2020
TPAR lodgment due 28 August for businesses who pay contractorsA reminder if your business pays contractors or subcontractors, you may need to lodge a Taxable payments annual report (TPAR) by 28 August.
03 Aug 2020
STP finalisations are now overdueIf you haven't made a finalisation declaration through your STP-enabled software, you should do so now or apply for a deferral.
17 Jul 2020
Paid contractors? Your Taxable payments annual report is due 28 AugustWork out if your business needs to lodge a TPAR.
17 Jul 2020
Incorrect dates on STP finalisationsCheck you are using the correct date in Pay and Update events when finalising end of year Single Touch Payroll (STP) data.
24 Jun 2020
EOFY, STP and your employeesYour end-of-financial-year process will change when you report through STP, and your employees will access their income statement in their myGov account linked to ATO.
24 Jun 2020
Businesses to report contractor payments under the Taxable payments reporting systemThe TPRS has been expanded to businesses providing cleaning, courier, road freight, IT, security, investigation and surveillance services.
Trusts (Press right to open, left to close.)
11 Aug 2020
Trust liquidity issues due to COVID-19A trustee who has been significantly affected by liquidity issues due to COVID-19 may be unable to satisfy a beneficiary's entitlement
02 Jul 2020
Taxation treatment of distributions of income from testamentary trusts to minorsLegislation has been enacted changing the taxation treatment of distributions of net income from testamentary trusts to minors. The new law applies to property acquired or transferred from 1 July 2019

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