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New ATO rulings, determinations, decisions and guides

PCG 2018/1 ATO compliance approach – attribution of ADI equity capital and controlled foreign entity equity. PCG 2018/2 Propagation arrangements adopted by registrable superannuation entities. TR 2018/2 Income tax: record keeping and access – electronic records. TR 2018/5 Income tax: central management and control test of residency. TR 2018/3 Income tax: tax treatment of long

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Upcoming ATO webinar in July

Annual tax obligations for employers   Wednesday, 4 July 2018, 3.00pm This webinar highlights your annual obligations, common mistakes to avoid and where to get help. It covers: pay as you go (PAYG) withholding annual report and payment summaries reportable fringe benefits Single Touch Payroll   Employers

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Upcoming TPB webinars in July

Webinar Date/Time Description Audience Are you taking reasonable care? Tuesday, 24 July 2018 11:00am – 12:00pm (AEST) As a tax practitioner you’re required to take reasonable care to verify your clients’ state of affairs and apply the law correctly – but do you know what this means? Join this webinar to find out. All tax practitioners

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GIC and SIC rates change

The ATO has advised that the general interest charge (GIC) rate and shortfall interest charge (SIC) rate, for the April-June quarter of the 2017-18 income tax year, are as follows: GIC and SIC rates change GIC annual rate is 8.77% GIC daily compounding rate is 0.02402740%. SIC annual rate is 4.77% SIC daily compounding rate

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