Tax

Tax

Omnibus bill containing FBT, testamentary trust amendments passed

An omnibus bill bringing the Fringe Benefits Tax Act and the Goods and Services Tax Act definitions of a taxi in line...

18 June 2020 • By Jotham Lian

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Tax

‘Over-engineered, unnecessarily complex’: CA ANZ calls for urgent FBT reform

The current fringe benefits tax legislation is “labyrinthian”, understood by few, and complied with fully by less,...

16 June 2020 • By Jotham Lian

Tax

Parliamentary deadlock exacerbates FBT, GST definition anomaly

Disagreement between the houses of parliament over an unrelated amendment will see the definition of a taxi in the...

16 June 2020 • By Jotham Lian

Tax

Chartered Tax Adviser designation lands in Hong Kong

Close to 2,000 members of the Taxation Institute of Hong Kong will now be able to convert their existing designations...

15 June 2020 • By Jotham Lian

Tax

Cash-flow boost amendments, instant asset write-off extension tabled

Amendments to the cash-flow boost measure to improve access for companies and trusts that derive personal services...

15 June 2020 • By Jotham Lian

Tax

ATO set to issue early access to super tax arbitrage guidance

The Tax Office will soon be issuing guidance on the validity of a tax arbitrage scheme involving the government’s...

15 June 2020 • By Jotham Lian

Tax

Former KPMG partner banned over tax evasion scheme

A former KPMG partner has had his tax agent registration ripped up after the Tax Practitioners Board determined he...

12 June 2020 • By Jotham Lian

Tax

Tax time 2020: ATO flags work-related hotspots

The ATO has now announced a number of deduction hotspots that it will pay close attention to this year, in light of...

12 June 2020 • By Jotham Lian