Australia Tax News

Budget for 2012-13 – details

25 July 2012

Tax relief for small businesses announced

25 July 2012

Company tax rate to be lowered – draft legislation

17 April 2012

Interest withholding tax reduction deferred

22 December 2011

Protocol to treaty between Australia and Malaysia enters into force

18 October 2011

Treaty between Australia and Chile enters into force

27 July 2011

Treaty between Australia and Turkey enters into force

27 July 2011

Protocol to treaty between Australia and Malaysia enters into force

27 July 2011

Protocol to treaty between Singapore and Australia enters into force

9 January 2011

Final Ruling on interaction of thin capitalization and transfer pricing rules issued

27 November 2010

Treaty between New Zealand and Australia enters into force

26 April 2010

Taxation Ruling on interaction of thin capitalization and transfer pricing rules issued

20 January 2010

Treaties between Australia and Netherlands, and between Australia and United Kingdom – ATO confirms Australian Federal Court judgments that no tax on capital gains under pre-CGT treaties

13 August 2009

Treaty between Australia and France enters into force

7 June 2009

Treaty between France and Australia ratified

10 April 2009

Agreements between Australia and Isle of Man signed

16 March 2009

Protocol to treaty between Australia and South Africa enters into force

22 February 2009

Tax changes to help businesses

23 January 2009

Treaty between Australia and Japan enters into force

24 December 2008

New Zealand

24 December 2008

Treaty between Australia and UK – negotiations

24 December 2008

Treaty between Australia and United States – ATO rules payments for hire of substantial equipment not subject to withholding tax

24 December 2008

The Australian Taxation Office (ATO) released for comment Draft Taxation Determination ATO TD 2008/D15, which considers the Australian (and UK) taxation consequences of paying and receiving a return under an enhanced bond investment by an Australian taxpayer from a UK bank. The Draft Determination was released on 24 October 2008 and comments are invited by 21 November 2008.

4 November 2008

Debt/equity rules clarified

4 November 2008

OECD released 2008 Model Tax Convention

7 October 2008

Business income of foreign hybrid exempt

7 October 2008

Draft legislation on State Bonds withholding tax exemption

30 August 2008

Capital gains participation exemption clarified

30 August 2008

Discussion draft on New Art. 7 of OECD Model – details

30 August 2008

OECD Council approves 2008 Model Tax Convention

11 August 2008