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Australia News




Australia Warns On Real Estate GST Non-Compliance

by Mary Swire, Tax-News.com, Hong Kong

Thursday, March 14, 2019

The Australian Taxation Office said that it has noticed a number of common errors being made in activity statements since the "goods and services tax at settlement" system was introduced for the real estate industry in July 2018. Read Full Story

 


Australia Explains Tax Disclosure Obligation On Largest Firms

by Mary Swire, Tax-News.com, Hong Kong

Tuesday, February 12, 2019

The Australian Taxation Office has issued an e-brief on how companies can assess if they are required to submit a reportable tax position schedule. Read Full Story

 


Australian Regulator Flags Important Accounting Standard Changes

by Mary Swire, Tax-News.com, Hong Kong

Friday, December 7, 2018

The Australian Securities and Investments Commission has highlighted the significant impact that recent accounting standard changes will have for financial reports that must be prepared for the year to December 31, 2018, and second quarter reports. Read Full Story

 


Only Tax-Compliant Firms To Be Allowed Australian Gov't Contracts

by Mary Swire, Tax-News.com, Hong Kong

Friday, November 23, 2018

Australia is to require businesses seeking to tender for significant federal government procurement contracts to demonstrate their record of tax compliance. Read Full Story

 


OECD Reports Progress On Harmful Tax Regimes Work

by Ulrika Lomas, Tax-News.com, Brussels

Friday, November 23, 2018

Releasing a progress update, the OECD said international efforts to curb harmful tax practices and prevent the misuse of preferential tax regimes are having a tangible impact worldwide. Read Full Story

 


Australia Consults On Tax Implications Of Insurance Law Reform

by Mary Swire, Tax-News.com, Hong Kong

Friday, November 16, 2018

The Australian Government is consulting on the tax implications of a new accounting standard for insurance contracts. Read Full Story

 


Australian Tax Office Expands Data Matching Program

by Mary Swire, Tax-News.com, Hong Kong

Friday, November 2, 2018

The Australian Taxation Office has announced that it is expanding its data matching program to focus on information it receives from partner organizations on shares held by taxpayers. Read Full Story

 


Australian SME Tax Cuts Now Law

by Mary Swire, Tax-News.com, Hong Kong

Monday, October 29, 2018

Legislation to reduce Australia's small business tax rate received Royal Assent on October 25. Read Full Story

 


Estonia Tops Tax Foundation's Tax Competitiveness Index

by Mike Godfrey, Tax-News.com, Washington

Monday, October 29, 2018

Estonia has topped the Tax Foundation's International Tax Competitiveness Index for the fifth successive year, being deemed to have the "best tax code in the OECD." Read Full Story

 


Australia To Improve Division 7A Tax Rules For Shareholders

by Mary Swire, Tax-News.com, Hong Kong

Friday, October 26, 2018

The Australian Government is to simplify taxpayers' compliance with rules designed to prevent shareholders from using private company profits without paying tax at their marginal rates. Read Full Story

 

 

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