Tax

Tax

Proposed measure targeting vacant land reveals ‘anomalous result’

Practitioners have been warned of some ramifications of a new bill before Senate that proposes to deny deductions for...

17 September 2019 • By Jotham Lian

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Tax

ATO cracks down on FHSSS release times

The ATO will crack down on super funds that are not releasing First Home Super Saver Scheme deposits within 10...

16 September 2019 • By Sarah Kendell

Tax

Part 7 penalty remission draft practice statement released

A draft practice statement on the ATO’s position in deciding to remit the Part 7 penalty in relation to superannuation...

16 September 2019 • By Jotham Lian

Tax

$200k GST fraud lands Queenslander in jail

A Queensland man has been sentenced to three years in jail for fraudulently claiming over $200,000 in GST refunds.

13 September 2019 • By Jotham Lian

Tax

Over 10% rise in dodgy tax agent tip-offs

More than 200 tip-offs about potentially dodgy behaviour on the part of accountants and other tax agents were reported...

12 September 2019 • By Adam Zuchetti

Tax

Corporate tax residency rules undergo review scrutiny

The Board of Taxation has begun its review of Australia’s corporate tax residency rules, noting the difficulties...

11 September 2019 • By Jotham Lian

Tax

‘Antiquated FBT rules’ set for legislative tweak

A legislative fix has been proposed to solve a discrepancy within the current Fringe Benefits Tax Assessment Act that...

10 September 2019 • By Jotham Lian

Tax

Refund-pocketing tax agent sentenced to 12 months in jail

A Sydney tax agent will face 12 months in jail after being convicted of lodging fraudulent income tax returns on...

09 September 2019 • By Jotham Lian