Business bulletins newsroom archive

Business bulletins newsroom archive

Business bulletins newsroom archive
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Banking and finance (Press right to open, left to close.)
19 Mar 2019
CRS reports will now cover the full calendar yearCommon Standard Reporting (CRS) reports will now cover the full calendar year and will be due by 31 July the following year.
04 Dec 2018
Venture capital tax concessions for investments in FinTechA new act passed on 3 October 2018 extends the venture capital investment provisions so they cover investments in FinTech (financial technology) businesses.
17 Sep 2018
Cyptocurrency and taxGuidelines on the tax treatment of cryptocurrencies have recently been updated following feedback from community consultation this year.
Employer information (Press right to open, left to close.)
15 May 2019
Single Touch Payroll: Changes to your EOFY reportingYour EOFY processes may have changed if you are reporting through STP.
10 Apr 2019
New laws to improve super guarantee complianceInformation about recently Super Guarantee (SG) legislation designed to increase employer compliance, in an effort to protect employees' super entitlements.
03 Apr 2019
FBT issues on our radarWith the end of another fringe benefits tax (FBT) year approaching, we want to tell you about the FBT issues that are currently hot on our radar so you can avoid costly mistakes.
14 Mar 2019
Single Touch Payroll deferrals coming to an endSingle Touch Payroll deferrals for substantial employers are coming to an end. Make sure you're STP ready.
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.
12 Feb 2019
Changes to deductions for non-compliant payments to workersFrom 1 July 2019, deductions for payments to workers won't be allowable if you haven't complied with the PAYG withholding obligations for that payment.
21 Jan 2019
Single Touch Payroll webinar seriesWe will be hosting a series of webinars to help and support employers as they transition to, and commence Single Touch Payroll reporting.
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.
08 Nov 2018
Work Christmas parties and giftsUnwrapping fringe benefits tax (FBT) this festive season. The FBT implications of providing Christmas parties and gifts.
18 Oct 2018
Encourage your employees to check for lost super$17.5 billion in lost super is waiting to be found. Remind your staff to search for and manage their lost super.
17 Oct 2018
Changing your PAYG withholding cycleUse the Business Portal to change your pay as you go (PAYG) withholding cycle.
08 Oct 2018
New tax reporting requirements for cleaners and couriersIf your business provides cleaning or courier services, you now need to report payments you make to contractors each year in a Taxable payments annual report.
14 Sep 2018
A new era of payroll reporting has startedSingle Touch Payroll (STP) has had a positive start with thousands of employers already sending tax and super information from their payroll software.
GST (Press right to open, left to close.)
17 May 2019
GST at settlement - getting the forms rightPurchasers of new residential premises or potential residential land need to complete and lodge two GST at settlement forms to ATO.
17 Apr 2019
You're invited - GST at settlement webinarCome along to our free webinar about GST at settlement.
03 Apr 2019
GST and health guidelinesWe have updated our web guidance on GST-free supplies related to health.
27 Mar 2019
GST groups - property creditsChecking the details you provide in your notification to purchasers can help avoid delays in receiving your GST property credits.
02 Nov 2018
Avoid simple mistakes with GST reportingAvoid simple mistakes with GST reporting.
16 Aug 2018
GST at settlement formsCertain purchasers of new residential premises or potential residential land are required to submit two forms and make a withholding payment to us.
08 Jun 2018
Meeting deferred GST obligationsIf you are participating in the deferred GST scheme there are certain requirements you must meet.
General (Press right to open, left to close.)
16 May 2019
Junior Minerals Exploration Incentive: Year 3 opening soonYear 3 of the Junior Minerals Exploration Incentive (JMEI) will open 3 June 2019.
16 May 2019
Cyber security is everyone's businessATO information on what can happen if your systems are breached by scammers
15 May 2019
Continued assistance for those affected by the North Queensland FloodsWe are continuing to support you if you have been affected by the North Queensland floods.
01 Apr 2019
Improving Business bulletins newsroomSee the improvements we've made to our newsroom.
18 Mar 2019
Be aware of scamsWe are reminding you how to identify tax scams and what to do if you suspect scam activity.
04 Mar 2019
Tax assistance following the North Queensland floodsIf your business has been affected by the North Queensland Floods, see what support is available to you.
06 Dec 2018
More than just a business numberIt's important to keep your ABN details up to date as they are used by emergency services and government agencies to help identify businesses during times of disaster.
22 Nov 2018
We’ve updated the Taxpayers’ CharterWe’ve updated the Taxpayers’ Charter to ensure it remains relevant now and in the future. It outlines what you can expect from us and explains your rights and obligations.
04 Oct 2018
Stay Smart Online and reverse the threat of cybercrimeHere are our useful tips about how you can safeguard yourself and your business against cybercrime.
07 Aug 2018
Donations to help drought victimsIf you are planning to raise funds or donate through crowdfunding platforms to assist drought-affected communities, be aware of the potential tax impacts.
International (Press right to open, left to close.)
03 May 2019
Exemption certificates for foreign investors of residential real estateIf you are a foreign person investing in Australian residential real estate, you may be able to apply for an exemption certificate, which allows you to purchase an unspecified property within a six-month period.
10 Apr 2019
Draft LCR: OECD hybrid mismatch rules - targeted integrity rule open for consultationWe welcome your feedback: Draft Law Companion Ruling on hybrid mismatch rules is open for consultation
27 Mar 2019
ATO co-hosts OECD Global ForumWe recently co-hosted an OECD Global Forum on value added tax (VAT) and goods and services tax (GST) in Melbourne.
26 Feb 2019
Release of the first MLI synthesised textsWe have recently released four synthesised texts that detail modifications made to tax treaties.
07 Jan 2019
Foreign owners - when to lodge your Vacancy fee returnIf you are a foreign owner of residential real estate in Australia, you may need to lodge a Vacancy fee return at the end of each vacancy year.
26 Nov 2018
Sharing information and insights at SGATAR workshopATO Commissioner Chris Jordan and Deputy Commissioner International Mark Konza attended the annual meeting of the Study Group on Asian Tax Administration and Research (SGATAR) workshop in Hangzhou, China in November 2018.
19 Nov 2018
Fact sheets for foreign owners and investors of Australian residential real estateWe’ve published fact sheets about foreign investment in Australian residential property and the Vacancy fee return in Chinese and English.
05 Sep 2018
Hybrid Mismatch Rules receive royal assentHybrid mismatch rule changes that may affect your business.
29 Aug 2018
Multilateral Instrument Act ratified ageThe Treasury Laws Amendment (OECD Multilateral Instrument) Act 2018 (the Act) was recently enacted.
Large business (Press right to open, left to close.)
06 May 2019
Stapled Structures web content and forms now availableNew information about the changes under the Stapled Structures legislation is now available on our website, along with relevant forms.
08 Apr 2019
Updates to 'What attracts our attentionFind out about our updates to our 'What attracts our attention' web content for privately owned and wealthy groups.
22 Feb 2019
Streamlined Assurance Reviews for large APRA-regulated super fundsAs part of our Justified Trust – Top 1000 Tax Performance Program, we have started streamlined assurance reviews of large APRA-regulated superannuation funds.
06 Feb 2019
Reportable tax position - change to lodgment requirementsLodgment requirements for the Reportable tax position (RTP) schedule have changed. You may need to self-assess if you need to lodge an RTP schedule.
14 Dec 2018
Building engagement excellence for large public and multinational clientsThe Action Differentiation Framework is our new strategic approach to build engagement excellence with large public and multinational businesses.
19 Nov 2018
Providing independent assurance of our settlementsThe Independent Assurance of Settlements program reviews and advises on our largest and most significant settlements.
16 Oct 2018
Reportable tax position schedule - notifications and remindersThis article explains our notification and reminder process and provides a helpful hint on how to lodge your RTP schedule.
03 Oct 2018
Reminder: penalty increases for significant global entities apply to all approved formsTo avoid the increased failure to lodge penalties, significant global entities (SGEs) need to ensure that all of their reporting obligations are lodged on time. The increased penalties are applicable to all approved forms.
23 Jul 2018
Top 1000 Tax Performance Program and Advance Pricing Arrangements - timing of streamlined assurance reviewsUnder the program we review the income tax affairs of those large public and multinational groups with turnover above $250 million that we do not engage with.
25 Jun 2018
Assessing tax governance for large public and multinational businessesWe've developed practical guidance to assist large public and multinational businesses in understanding how we rate tax governance when applying our justified trust methodology.
14 May 2018
Justified trust and key taxpayer engagement workshop outcomesIn partnership with the Corporate Tax Association (CTA) we have co-hosted a series of workshops focussing on justified trust and key taxpayer engagement.
06 Apr 2018
Expansion of reportable tax position scheduleThe reportable tax position schedule (RTPS) is being expanded for the 2018 income year to include companies in economic groups with a turnover greater than $250 million. We have notified impacted companies that will be required to lodge an RTPS.
Medium business (Press right to open, left to close.)
21 May 2019
Instant asset write-off increased and extendedChanges to the instant asset write-off means businesses with a turnover from $10 million to $50 million are now eligible.
25 Mar 2019
Changes to small business tax concessionsThe small business entity turnover threshold has changed from $2 million to $10 million.
25 Mar 2019
Lower company tax rate: incorporated small and medium businessesA reduction in the company tax rate for businesses with a turnover of less than $50 million.
15 Feb 2019
Trusts and foreign resident beneficiaries webinar recording now availableOur webinar on trusts and foreign resident beneficiaries held 1 February 2019 covered a range of important topics, and is now available.
26 Oct 2018
Get your tax position right up front on your commercial deal or restructureFind out more on how to engage early with the ATO to get your tax position right upfront for commercial deals such as sales of business (partial or complete) or business assets, sales of commercial property, mergers, acquisitions, restructures or share buybacks. We will work with you to increase your certainty of how tax laws apply to your commercial deals.
10 Oct 2018
Tailored information for Private GroupsPrivate groups can visit our updated ‘What you should know’ webpages for information on how to engage with us, how we work with you to get things right and tax transparency.
12 Sep 2018
Lower company tax rate: eligibility changes now lawThe definition of a base rate entity has changed. Find out if you are still eligible for the 27.5% company tax rate.
Public advice and guidance (Press right to open, left to close.)
01 Apr 2019
Release of Taxpayer Alert - MEC groupsRead about our new Taxpayer Alert TA 2019/1 Multiple Entry Consolidated (MEC) groups avoiding CGT through intra-group debt.
30 Jan 2019
Taxpayer Alert - Accrual deductions and deferral or avoidance of withholding taxWe recently issued an alert about accrual deductions and remitting interest withholding tax for international related party financing arrangements.
25 Jan 2019
Draft LCR/PCG: OECD hybrid mismatch rulesDraft LCR 2018/D9 and draft PCG 2018/D9: OECD hybrid mismatch rules – concept of structured arrangement, have been released for feedback.
10 Jan 2019
Changes to PCG 2017/2 Simplified Transfer Pricing Record Keeping OptionsOur simplified transfer pricing record keeping options practical compliance guideline which assists eligible taxpayers to minimise the record-keeping process has been updated. Read about the changes to PCG 2017/2 and when they apply.
27 Nov 2018
Taxpayer Alert - Development lease arrangementsIn November the ATO released a taxpayer alert outlining concerns with the GST implications for some development lease arrangements.
22 Nov 2018
Taxpayer Alert - Mischaracterisation of activities or payments in connection with intangible assetsThis Taxpayer Alert is concerned with international arrangements that mischaracterise activities or payments in connection with intangible assets.
31 Oct 2018
Hybrid Mismatch Rules Practical Compliance Guideline publishedWe have published new guidance to help you manage your compliance risks related to restructures out of hybrid arrangements.
31 Oct 2018
Tax Determination TD 2018/D6Taxation Determination TD 2018/D6 covers if the debt and equity rules in Division 974 of the ITAA 1997 limit the operation of the transfer pricing rules.
15 Oct 2018
Our guidance on transfer pricing issues has been finalisedWe’ve recently issued the final version of Schedule 2 to Practical Compliance Guideline (PCG) 2017/1.
12 Mar 2018
Structured arrangements Taxpayer Alert issuedIn February we issued Taxpayer Alert TA 2018/1 Structured arrangements that provide imputation benefits on shares acquired on a limited risk basis around ex-dividend dates.
13 Feb 2017
Taxpayer Alert - Re-characterisation of income from trading businessesThe Re-characterisation of income from trading businesses taxpayer alert has been released.
Tax avoidance (Press right to open, left to close.)
30 Apr 2019
Crytocurrency records under reviewWe have started collecting records from cryptocurrency digital service providers.
14 Feb 2019
Detecting offshore tax evasionWe share intelligence with national tax agencies and domestic partners to detect and counteract the threat tax crime poses to our economy and community.
06 Dec 2018
E-commerce and digital economy outcomes for the Tax Avoidance TaskforceThe Tax Avoidance Taskforce continues to ensure revenue is correctly taxed at the point of origin to maintain an even playing field for all taxpayers.
31 Oct 2018
Outcomes for the second year of the Tax Avoidance TaskforceFind out about our achievements for the second year of the Tax Avoidance Taskforce.
Tax-Time and reporting (Press right to open, left to close.)
06 May 2019
Understanding work related expensesGive your employees a helping hand so they can get their expense claims right.
07 Nov 2018
Interest on Overpayments and Early Payments Regulations - updatedThe Taxation (Interest on Overpayments and Early Payments) Regulations 2018 have been updated. These improve on the former regulations in a number of ways.
Trusts (Press right to open, left to close.)
17 May 2019
Trustee obligations on our radar: TFN reportsWe are currently looking into various trustee obligations, such as TFN reports. Find out what you need to do to get things right.
15 May 2019
AMIT technical amendmentsThe amendments clarify the operation of the income tax law applying to managed investment trusts (MITs) and attribution managed investment trusts (AMITs).

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