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Australia News




Australia Budget Cuts Personal Income Tax

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

Friday, May 11, 2018

In addition to extending an increased expensing limit for small firms, reforming the research and development tax incentive, and committing to further corporate tax cuts, the Australian Government has announced significant personal income tax relief in what is expected to be the last Budget before elections. Read Full Story

 


Australia To Scrutinize Company Vehicle Tax Claims

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

Thursday, May 3, 2018

The Australian Taxation Office has said that it will be examining claims for car expenses this tax time as part of a broader focus on work-related expenses. Read Full Story

 


New Zealand Consults On Imposing GST On Low-Value Imports

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

Thursday, May 3, 2018

New Zealand has launched a consultation on proposals to charge goods and services tax on consignments worth less than NZD400, which currently benefit from a tax exemption for low-value imports, from October 1, 2019. Read Full Story

 


Australia Urged To Resist Tax 'Race To Bottom'

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

Thursday, April 19, 2018

An open letter organized by The Australia Institute has urged the Australian Government not to join a race to the bottom on tax and to instead focus on tackling tax avoidance and tax loopholes. Read Full Story

 


Australian Miners' Tax Contribution Back To Boom Levels

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

Thursday, April 12, 2018

Australian mining companies paid a record AUD12.1bn (USD9.4bn) in company tax in 2016-17, according to research published by the Minerals Council of Australia. Read Full Story

 


OECD Releases More Transfer Pricing Country Guides

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, April 12, 2018

The OECD has published new transfer pricing country profiles for Australia, China, Estonia, France, Georgia, Hungary, India, Israel, Liechtenstein, Norway, Poland, Portugal, Sweden, and Uruguay, bringing the number of such overviews published by the OECD to 44. Read Full Story

 


Australia 'Exempt From US Metal Tariffs'

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

Friday, April 6, 2018

The Australian Government has secured an exemption from new US metal tariffs, Trade Minister Steven Ciobo has said. Read Full Story

 


Australia Provides Update On International Tax Enforcement

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

Wednesday, April 4, 2018

In comments to the TPMinds International Conference in late March, Deputy Commissioner Mark Konza outlined the Australia Taxation Office's priorities in the area of international tax enforcement, with an especial focus to be placed on the energy and resources sector and pharmaceutical industry. Read Full Story

 


Latest Australia-Japan FTA Tariff Cuts In Force

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

Monday, April 2, 2018

The fifth round of tariff cuts under the Japan-Australia Economic Partnership Agreement have entered into force. Read Full Story

 


ATO Focusing On Rental Property Tax Compliance

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

Monday, April 2, 2018

The Australian Taxation Office has said that it is focusing compliance activity on the holiday home rental sector. Read Full Story

 

 

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