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 Jun 2019
Common Reporting Standard reports due 31 JulyCommon Reporting Standard reports for 2018 are due to be lodged by 31 July 2019
19 Jun 2019
Don't forget your TINs - FATCA reporting requirementsFamiliarise yourself with reporting requirements for account holder US taxpayer identification numbers (TINs) if you are lodging FATCA reports.
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.)
24 Sep 2019
Have you lodged your TPAR?A reminder that TPAR was due on 28 August, so if you haven’t lodged it is now overdue. Plus, tips to avoid TPAR errors.
05 Sep 2019
Hiring working holiday makers?Things employers need to do to meet your obligations when hiring working holiday makers.
04 Sep 2019
Get PAYG withholding obligations right to claim a deductionRules claiming deductions for payments to workers have changed. Employers who don’t meet their PAYG withholding obligations can no longer claim these payments.
04 Sep 2019
TPAR extends to new industriesHow road-freight, IT and security, surveillance and investigation services can get ready for their first taxable payment annual report (TPAR).
19 Aug 2019
STP for large employers - transition year endsSingle Touch Payroll (STP) transition year for large employers has ended. Make sure you're reporting or covered by a deferral as penalties may apply.
24 Jul 2019
Taxable payments annual report due 28 AugustIf your business paid contractors during the 2018–19 financial year you may need to lodge a Taxable payments annual report (TPAR). TPAR lodgments are due by 28 August 2019.
10 Jul 2019
FBT - home phone and internet expensesWe've updated our FBT guide for employers to help work out the taxable value of these expense payment fringe benefits and clarify substantiation requirements.
02 Jul 2019
FBT and taxi travelFind out about the fringe benefits tax (FBT) exemption for taxi travel by an employee.
17 Jun 2019
Support your employee's charitable donationsIf your business encourages workplace giving, we have all the information you need on our website.
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.)
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.
18 Sep 2019
GST changes for offshore suppliers of Australian accommodationFrom 1 July 2019, suppliers of Australian commercial accommodation must include GST in their sales if they meet the GST threshold.
06 Sep 2019
GST at settlement - update to formsWhen purchasing new residential property or potential residential land you may notice we have updated the two GST at settlement forms to streamline processing.
23 Jul 2019
Include sales of new property in your BASIf you supply (sell) new residential property or land that new residential property could be built on, you must report sales and GST in your business activity statement.
15 Jul 2019
How does GST apply to exports?If you export goods from Australia knowing how GST applies can save you time and money.
03 Jul 2019
Did you miss our webinars?GST at settlement webinars are now available to watch.
17 Jun 2019
Peace of mind for property purchasersATO information for property purchasers about how they can rely on the information provided by suppliers (vendors) for transactions affected by GST at settlement.
04 Jun 2019
Indirect tax private rulings and end datesEnd dates, also known as sunset dates, can apply to some indirect tax private rulings. The sunset date specifies when you can no longer rely on a private ruling by ATO.
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.
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.
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.)
09 Oct 2019
Stay smart online to avoid cybercrimeIt's stay smart online week and we are encouraging you to protect your business from cyber security threats.
09 Aug 2019
Too smart to be scammed?Be aware of scams every day and learn more about scams during Scam Awareness Week 2019.
18 Jul 2019
AUSkey replacement comingAUSkey will be retired in 2020. Find out about its replacement – myGovID and Relationship Authorisation Manager (RAM).
15 Jul 2019
Keep your business cyber safe at Tax TimeBy keeping your business cyber safe at tax time you can prevent criminals accessing your business and personal data.
01 Jul 2019
New Information System Risk Assessment tool (ISRA)ATO's new Information System Risk Assessment (ISRA) tool designed to help Private Wealth businesses self-assess the integrity of your IT systems, making it easier to meet your tax and super reporting obligations.
19 Jun 2019
Online services for employeesShow your employees how the ATO's online services can help them to manage their tax and super.
03 Jun 2019
Take care of yourself and your staff, contact us early in times of difficultyTake care of yourself and your staff, contact us early in times of difficulty.
31 May 2019
Happy Birthday Business bulletinsKeeping businesses up to date with the latest legislative, corporate and administrative tax news and information for the past 15 years.
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 Jun 2019
Multilateral Instrument - Australia-New Zealand joint approach now availableThe ATO and New Zealand Inland Revenue have released a joint administrative approach in relation to the new treaty tie-breaker rule for non-individual taxpayers, introduced by Article 4(1) of the Multilateral Instrument.
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.)
09 Oct 2019
Large private companies and corporate groups to lodge RTP schedules from 1 July 2020The expansion of the Reportable Tax Position (RTP) Schedule to include large private companies and corporate groups has been deferred until the 2020–21 financial year.
22 Aug 2019
Corporate tax transparency work commencing soonThe ATO will publish the annual corporate tax transparency report, which includes tax information of Australian and foreign corporate tax entities.
19 Jun 2019
Applying for Commonwealth Government contractsIf you tender for Commonwealth Government contracts over $4 million, you may need a statement of tax record from us.
04 Jun 2019
Increasing access to company lossesA new 'similar business test’ now makes it easier for businesses to use past year losses to reduce their taxable income.
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.)
09 Oct 2019
If you change your business structures, you may need to apply for a new ABNIf you are an individual, sole trader or in a partnership and changing your business structure you may need to cancel your ABN and apply for a new one.
02 Oct 2019
Property developers: reporting requirements for NDECs and NNDECsProperty developers that use New Dwelling Exemption Certificates (NDEC) and Near-New Dwelling Exemption Certificates (NNDEC) to sell property to foreign persons need to report their sales to the ATO every six months.
09 Sep 2019
$30,000 instant asset write-offBusinesses with a turnover less than $50 million are eligible for the instant asset write-off.
26 Aug 2019
Providing assurance for commercial dealsFind out how to engage early with the ATO to get your tax position right upfront for commercial deals.
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.)
02 Oct 2019
Draft Tax Determination 2019/D9 on commercial debt forgivenessWe are consulting on Draft TD 2019/D9 which provides the Commissioner’s view that a creditor must be a natural person to forgive a debt for reasons of natural love and affection.
18 Sep 2019
Employee share trust TD 2019/D8 open for public consultationWe are consulting on draft Taxation Determination TD 2019/D8 which clarifies the requirements that must be met by a trust to qualify as an employee share trust for an employee share scheme.
18 Sep 2019
Taxation Ruling TR 2019/4Taxation Ruling TR 2019/4: Income tax: capital allowances: expenditure incurred by a service provider in collecting and processing multi-client seismic data.
04 Sep 2019
Simplifying the complex with public advice and guidance productsTune in to our latest episode of the Tax inVoice podcast where we talk about public guidance products.
28 Aug 2019
Draft PCG 2019/D3 ATO compliance approach to the arm's length debt testProvide feedback on our draft Practical Compliance Guideline (PCG) on the arm's length debt test by 9 October 2019.
28 Jun 2019
Calculator released for the demerger of Coles from WesfarmersInformation on the capital gains tax implications for shareholders of Wesfamers who received Coles shares is now available.
19 Jun 2019
ABNs - Do you know fact from fiction?A short video series to help business know fact from the fiction when it comes to Australian business numbers (ABNs)
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.)
23 Sep 2019
Draft ATO guidance on proposed estimates regime expansionProvide your feedback by 4 October on draft PCG 2019/D4 for the proposed expansion of the estimates regime to GST, LCT and WET.
28 Jun 2019
Help us stamp out black economy activityReport known or suspected phoenix, tax evasion or black economy activity to the new and improved Tax Integrity Centre. Find out more.
19 Jun 2019
Burning a hole in the illegal tobacco tradeGrowing and selling illegal tobacco robs the Australian community of vital funding and hurts honest businesses who are doing the right thing.
19 Jun 2019
J5 making a differenceThe Joint Chiefs of Global Tax Enforcement (J5) met in Washington, DC, to mark the one-year anniversary of the formation of the international alliance.
31 May 2019
The cost of cheating the tax systemDirector sentenced to four years and six months jail for fraud.
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.)
24 Jul 2019
Getting it right for Tax Time 2019Tax and super affairs of large business can be complicated. That’s why we’re committed to working with you or your tax agent to correct any errors on an income tax return you have already lodged.
01 Jul 2019
Cleaners and couriers - lodging your first TPARIf you run a business with an ABN that provides cleaning and courier services, we have resources to help you lodge your first Taxable payment annual report (TPAR).
01 Jul 2019
Lodge your Reportable Tax Position schedules electronicallyYou can now lodge company RTP schedules for 2018-19 year electronically using SBR-enabled software
26 Jun 2019
Country-by-Country (CbC) reporting: administrative solution for Year 3 lodgmentsThe lodgment due date for those taking up the administrative solution for Year 3 of CbC Reporting is fast approaching. To take advantage of the administrative solution, entities must lodge Part A of the Local file by 15 July 2019.
26 Jun 2019
General purpose financial statements - reminder for December balancersSignificant global entities with a substituted accounting period ending on 31 December 2018, are reminded to lodge their general purpose financial statements at the same time as their income tax return (generally 15 July 2019). Lodgments can only be made electronically via our portals.
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.)
02 Jul 2019
When to lodge a family trust electionA trust must pass the family control test on 30 June 2019 before a family trust election can be made for the 2018–19 income year.
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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