Australia Tax News

Australia Updates Interest Rate for Simplified Transfer Pricing Record Keeping Options for Loans 23 November 2022
G20 Leaders Committed to Swift Implementation of OECD/G20 Two-Pillar International Tax Package 18 November 2022
Australia Notes Planned Tax Treaty Negotiations with Bulgaria, Colombia, Croatia, Cyprus, Estonia, Latvia, and Lithuania 17 November 2022
Update - Tax Treaty between Australia and Iceland 8 November 2022
ATO Releases Corporate Tax Transparency Report 2020-21 7 November 2022
Australia Budget 2022-23 Includes New Interest Limitation Rules, Deduction Limits on Intangible Payments to Low-Tax Jurisdictions, and Public CbC Reporting 27 October 2022
Australia Publishes Draft Taxation Ruling on Residency Tests for Individuals 19 October 2022
Tax Treaty between Australia and Iceland Signed 17 October 2022
Amending Protocol to Tax Treaty between Australia and India Under Negotiation 13 October 2022
Australia Consulting on Two-Pillar Global Agreement on Corporate Taxation 5 October 2022
Australian Treasury releases consultation paper on BEPS 2.0 two-pillar global agreement 4 October 2022
Australia Consulting on Integrity Measure to Prevent Distribution of Franking Credits Funded by Capital Raising 29 September 2022
ATO Issues Practical Compliance Guideline on Discretion to Allow Loss Offset in Special Circumstances Such as Flood, Bushfire, or COVID-19 23 September 2022
ATO Publishes Draft Revised Ruling on the Right to Tax Interest Income of Financial Institutions Under U.S. and UK Tax Treaties 22 September 2022
ATO Publishes Quarterly General Interest Charge Rates and Shortfall Interest Charge Rates for Second Quarter of 2022-23 19 September 2022
ATO Reminds Taxpayers to Regularly Review Input Tax Credit Estimator Practices for GST 15 September 2022
EY Global Tax Controversy Flash Newsletter (Issue 50) | Updates to MAP processes may increase taxpayer participation 13 September 2022
ATO Notice on Obligations for Interest, Dividend, or Royalty Payments to Foreign Residents 12 September 2022
Australia Consults on Legislation Clarifying Crypto Assets Not Taxed as Foreign Currency 9 September 2022
France Publishes Synthesized Text of Tax Treaty with Australia as Impacted by the BEPS MLI 9 September 2022
Australia Publishes Synthesized Text of Tax Treaty with Hungary as Impacted by the BEPS MLI 25 August 2022
China Publishes Synthesized Text of Tax Treaties with Albania, Australia, Austria, Bahrain, Barbados, Belgium, and Bosnia and Herzegovina as Impacted by BEPS MLI 24 August 2022
Australia Consulting on Proposed Exclusions from Shorter Period of Review for Small and Medium Entities 23 August 2022
ATO Notes the Benefits of Peppol eInvoicing 22 August 2022
Australia Reduces Corporate Tax Transparency Income Threshold for Australian-Owned Resident Private Companies 18 August 2022
Australia Local and Master File Guidance for 2022 15 August 2022
Tax Treaty between Australia and Latvia to be Negotiated 11 August 2022
Australia Publishes Draft Bill for Adjustment to Tax on Certain Payments or Credits Paid to Indian Firms 10 August 2022
Australia and Portugal Continue Tax Treaty Negotiations 9 August 2022
Australia Consulting on Multinational Tax Integrity and Tax Transparency 8 August 2022