Australia Tax News

Australia Publishes Quarterly General Interest Charge Rates and Shortfall Interest Charge Rates for First Half of 2020-21

10 September 2020

Australia Publishes Final Taxation Determination on Including Capital Gains when Calculating Foreign Income Tax Offset Limit

8 September 2020

ATO Publishes Guidance on Accelerated Depreciation Deduction for the 2019-20- and 2020-21-Income Years

4 September 2020

ATO Issues Taxpayer Alert on Multiple Entry Consolidated Groups Avoiding CGT

27 August 2020

ATO Issues Release on Corporate Tax Transparency Data

24 August 2020

ATO Publishes Guidance on COVID-19 Effects Regarding Central Management and Control and Permanent Establishment

20 August 2020

Australian Taxation Office issues compliance guidelines for outbound interest-free related party loans

19 August 2020

ATO Issues Taxpayer Alert on Arrangements Involving Interposed Offshore Entities to Avoid Interest Withholding Tax

19 August 2020

ATO Publishes Final Guidance on Thin Capitalisation Arm’s Length Debt Test

17 August 2020

ATO Publishes Draft Update of Guidelines on Cross-Border Related Party Financing Including Schedule on Interest-Free Loans

14 August 2020

Australia: Detailed analysis on final taxation ruling and guidance on the Australian thin capitalization arm’s-length debt test

14 August 2020

Australian Taxation Office issues final guidance on thin capitalization arm’s-length debt test and draft guidance on “outbound” interest-free loans

12 August 2020

ATO Updates Guidance on Residency and Source of Income for Individuals in Light of COVID-19

11 August 2020

Singapore Publishes Amendment Orders on Effect of BEPS MLI to Tax Treaties with Australia, Austria, Ireland, and Mauritius

7 August 2020

ATO Publishes Guidance on COVID-19 and Thin Capitalisation

6 August 2020

Australia Updates Transfer Pricing Legislation to Refer to Latest OECD Guidelines

31 July 2020

ATO Issues Draft Taxation Determination on Notional Deductions for R&D Activities Subsidized by JobKeeper Payments

30 July 2020

ATO Publishes Final Taxation Determination on the Meaning of Restructuring for Demerger Relief

28 July 2020

ATO Publishes Taxation Ruling on Effective Life of Depreciating Assets

24 July 2020

ATO Providing Ongoing Support for Large Businesses for COVID-19 Including Penalty Remission for Significant Global Entities

23 July 2020

EY Global Tax Controversy Flash Newsletter (Issue 24) | Expected heightened global tax controversy from COVID-19 disruptions

22 July 2020

ATO Publishes Taxation Ruling on Deductions for Expenditure on Environmental Protection Activities

20 July 2020

G20 Finance Ministers Communiqué Published Following Virtual Meeting

20 July 2020

ATO Issues Release on New Reporting Requirements for Managed Investment Trusts and Increased Withholding Rate

14 July 2020

U.S. IRS Publishes Release on the Two-Year Anniversary of the Formation of the Joint Chiefs of Global Tax Enforcement

14 July 2020

ATO Announces Division 7A Loan Repayment Extension Relief for Taxpayers Affected by COVID-19

13 July 2020

ATO Issues Release on Pending Legislation to Clarify the Operation of Hybrid Mismatch Rules

10 July 2020

ATO Provides Update on CbC Lodgment Confirmation

9 July 2020

Australian Treasurer Notes Tax Cut for Small Businesses from 1 July 2020

8 July 2020

ATO Publishes Local File Instructions 2020

29 June 2020