31 May 2024

Synthesised texts of the MLI and Australia's tax treaties

China Synthesised text of the MLI and the Agreement between Australia and the People's Republic of China for the Avoidance of Double Taxation with Respect to Taxes on Income and Fringe Benefits and the Prevention of Fiscal Evasion
 

29 May 2024

 

Rulings

CR 2024/31 Link Administration Holdings Limited - scheme of arrangement and special dividend
PR 2024/7 Perpetual WealthFocus Investment Advantage Fund
PR 2024/8 W.A. Blue Gum Project 2024
 

Notices

PR 2021/3A3 - Addendum Income tax: taxation consequences of changing the portfolio structure, contributing to and partially redeeming an investment in a unit in the Perpetual WealthFocus Investment Advantage Fund - 2021
 

Decision impact statements

VID 662/2022 (Full Federal Court) VID 446/2020 (Federal Court) Minerva Financial Group Pty Ltd v Commissioner of Taxation
 

24 May 2024

 

interpretation NOW!

Episode 108
 

22 May 2024

 

Rulings

TR 2024/D2 Income tax: exempt income of international organisations and persons connected with them
PR 2024/6 Tax consequences of investing in the Anadara Deferred Purchase Agreement
 

Notices

TR 2019/D1W Income tax: income of international organisations and persons connected with them that is exempt from income tax
 

20 May 2024

 

Legislative instrument

F2024L00550 Taxation Laws (Requirement to Lodge a Return for the 2024 Year) Instrument 2024
F2024L00551 Income Tax Assessment (Requirement for Parents Liable for or Entitled to Child Support to Lodge a Return for the 2024 Year) Instrument 2024
 

15 May 2024

 

Rulings

CR 2024/30 Gamma Investments HoldCo Pty Ltd - reduction of share capital
PR 2024/5 Challenger Lifetime Annuity (Liquid Lifetime) - 2024
 

Decision impact statements

NSD 816/2023 (Full Federal Court) Commissioner of Taxation v Hannover Life Re of Australasia Ltd
NSD 332 of 2022 (Full Federal Court) Jamsek v ZG Operations Australia Pty Ltd (No 3)
NSD 562 of 2022 (Full Federal Court) JMC Pty Ltd v Commissioner of Taxation
 

9 May 2024

 

Practice statements - updates

PS LA 2000/2 An exemption for the trustees of some trust estates from the requirement to furnish a tax return on behalf of the trust estate
PS LA 2015/2 Time limits for trustee assessments
PS LA 2016/5 The disclosure of information and documents collected by the Registrar of the Australian Business Register
 

Legislative instrument

LI 2024/D6 Draft A New Tax System (Goods and Services Tax): Waiver of Tax Invoice Requirement (Motor Vehicle Incentive Payment Made to Motor Vehicle Dealer) Determination 2024
LI 2024/D7 Draft Taxation Administration (Withholding Variation for Certain Payments to US Resident Entertainers Including Athletes) Legislative Instrument 2024
 

8 May 2024

 

Rulings

CR 2024/28 Link Wentworth Housing Limited - deductibility of donations under a payment direction deed
CR 2024/29 Queensland Health - Nursing and Midwifery Regional, Rural and Remote Student Placement Allowance
PR 2024/4 Nutrien Ag Solutions Limited - PrePay Plus Agreement
 

1 May 2024

 

Rulings

PR 2024/3 LongView Homeowner Funding Agreement
 

Notices

TD 2016/11W Income tax: what is the benchmark interest rate applicable for the year of income that commenced on 1 July 2016 for the purposes of Division 7A of Part III of the Income Tax Assessment Act 1936 and how is it used?
TD 2016/8W Income tax: what is the car limit under section 40-230 of the Income Tax Assessment Act 1997 for the 2016-17 financial year?
TD 2017/17W Income tax: what is the benchmark interest rate applicable for the year of income that commenced on 1 July 2017 for the purposes of Division 7A of Part III of the Income Tax Assessment Act 1936 and how is it used?
TD 2017/18W Income tax: what is the car limit under section 40-230 of the Income Tax Assessment Act 1997 for the 2017-18 financial year?
 

Legislative instrument

LI 2024/D4 Draft Excise (Blending Exemptions) Instrument 2024
LI 2024/D5 Draft Income Tax Assessment (Cents per Kilometre Deduction Rate for Car Expenses) Determination 2024

interpretation NOW!

Episode 107
 

24 April 2024

 

Rulings

CR 2024/27 Insurance Australia Group Limited - IAG Capital Notes 3
 

Notices

TD 2018/1W Fringe benefits tax: for the purposes of section 28 of the Fringe Benefits Tax Assessment Act 1986 what are the indexation factors for valuing non-remote housing for the fringe benefits tax year commencing on 1 April 2018?
TD 2018/2W Fringe benefits tax: what is the benchmark interest rate to be used for the fringe benefits tax year commencing on 1 April 2018?
TD 2018/3W Fringe benefits tax: reasonable amounts under section 31G of the Fringe Benefits Tax Assessment Act 1986 for food and drink expenses incurred by employees receiving a living-away-from-home allowance fringe benefit for the fringe benefits tax year commencing on 1 April 2018
TD 2018/4W Fringe benefits tax: what are the rates to be applied on a cents per kilometre basis for calculating the taxable value of a fringe benefit arising from the private use of a motor vehicle other than a car for the fringe benefits tax year commencing on 1 April 2018?
TD 2018/5W Fringe benefits tax: for the purposes of section 135C of the Fringe Benefits Tax Assessment Act 1986 , what is the exemption threshold for the fringe benefits tax year commencing on 1 April 2018?
TD 2018/7W Fringe benefits tax: for the purposes of section 39A of the Fringe Benefits Tax Assessment Act 1986 what is the car parking threshold for the fringe benefits tax year commencing on 1 April 2018?
TD 93/97W Income tax: if a taxpayer claims a deduction for self education expenses under section 8-1 of the Income Tax Assessment Act 1997 , is the amount of $250 spent, but disallowed as a deduction under section 82A of the Income Tax Assessment Act 1936 , excluded from the substantiation provisions?
TR 2020/1A2 - Addendum Income tax: employees: deductions for work expenses under section 8-1 of the Income Tax Assessment Act 1997
TR 2021/1A2 - Addendum Income tax: when are deductions allowed for employee's transport expenses?
TR 2021/4A1 - Addendum Income tax and fringe benefits tax: employees: accommodation and food and drink expenses, travel allowances, and living-away-from-home allowances
 

Practice statements - update

PS LA 2012/1 Engaging Tax Counsel Network on tax technical issues
 

ATO interpretative decisions

Withdrawn interpretative decisions
ATO ID 2002/517 (Withdrawn) Self-education expenses: driver education course
ATO ID 2003/614 (Withdrawn) Deductions: self-education - personal development course
ATO ID 2003/84 (Withdrawn) Self-education expenses - personal development course
ATO ID 2005/26 (Withdrawn) Deductions: self education - course fees paid from FEE-HELP loan funds
ATO ID 2005/27 (Withdrawn) Deductions: self education - payments made to reduce FEE-HELP debt
ATO ID 2005/69 (Withdrawn) Self education expenses: cancellation of enrolment of study
 

19 April 2024

Synthesised texts of the MLI and Australia's tax treaties

Thailand Synthesised text of the MLI and the Agreement between Australia and the Kingdom of Thailand for the Avoidance of Double Taxation with Respect to Taxes on Income and Fringe Benefits and the Prevention of Fiscal Evasion
 

17 April 2024

 

Rulings

CR 2024/24 Bendigo and Adelaide Bank Limited - Capital Notes 2
CR 2024/25 VHM Limited - return of capital by in specie distribution of shares in VP Minerals Limited
CR 2024/26 Snack Foods Pty Ltd - Early Retirement Scheme 2024
 

Technical discussion papers

Thin capitalisation - attribution of risk weighted assets to Australian branches of foreign banks
 

12 April 2024

 

Decision impact statements

2020/0826 GQHC and Commissioner of Taxation
 

10 April 2024

 

Rulings

CR 2024/23 The Trustee for the Voyager Resort - tax consequences for former timeshare owners
 

Practice statements

PS LA 2008/6 - Update Fraud or evasion
 

Decision impact statements

2021/8256, 2021/8257 and 2021/8258 BPFN and Commissioner of Taxation
 

Practical compliance guidelines

PCG 2018/4 - Update Income tax - liability of a legal personal representative of a deceased person
 

ATO Fact sheets

Category B players of WAFL clubs - taxation of match payments Fact sheets for individuals
 

3 April 2024

 

Rulings

CR 2024/22 Australia and New Zealand Banking Group Limited - ANZ Capital Notes 9
 

2 April 2024

 

interpretation NOW!

Episode 106