Authoritative and technically accurate information and guidance on all areas of tax

Tax Time 2016: The ATO releases more essential materials

The ATO has released the following Tax Time 2016 essential materials. More will be added as they are available. 2016 standard distribution statement: guidance notes for fund managers Standard distribution statement for use by managed funds to report tax information to resident individual investors for the 2016 income tax year. Includes guidance notes and sample

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GST on intangibles commencing July 2017

A new law applying GST to international sales of services and digital products will apply in Australia from July 1 next year. The new tax rules will apply to international sales of digital products and services provided to Australian consumers. Under the new law, overseas businesses will be required to pay GST on these sales.

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Claiming mobile phone, internet and home phone expenses

The ATO has issued guidance on claiming mobile phone, internet and home phone expenses. It says that if you use any of these for work purposes, you may be able to claim a deduction if there are records to support your claims. But the ATO points out that use for both work and private use

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ATO focuses on rental property owners

ATO focuses on rental property owners. With Tax Time 2016 just around the corner, the ATO is encouraging rental property owners to check out the information on its website to better understand their obligations and get their claims right. Assistant Commissioner Graham Whyte says Tax Time can be tricky for rental property owners. “Our message

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