ATO

Upcoming ATO open forums for practitioners: March to June 2019

  As part of its ongoing engagement with tax practitioners, the ATO has announced some upcoming ATO open forums for practitioners. It will again be holding these open forums in a range of locations across Australia between March and June 2019. Open forums are an opportunity for tax practitioners to have an open two-way dialogue

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Div 165: The GST regime’s Part IVA

  Division 165 of the GST Act contains anti-avoidance provisions in respect of GST that are similar to those available for income tax purposes. The Division 165 rules are designed to deter schemes that would produce benefits by reducing GST payable, increasing refunds, or altering the timing of payment of GST or refunds, and are

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The same business test to be replaced by a “similar business” test

  The bill Treasury Laws Amendment (2017 Enterprise Incentives No 1) Bill 2017 will be among the first batch of legislation that the government is to consider for 2019 (Parliament resumes on February 12). UPDATE: As of February 12, this legislation has now successfully passed Parliament. The bill (click here for a copy) contains changes

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What clients need to know with regard to “luxury” sets of wheels

  According to the government, a vehicle is a “luxury” if it costs more than $66,331 (for 2018-19) or $75.526 (for “fuel-efficient” cars). It was $65,094 for 2017-18, with the same fuel-efficient price level. The target to be rated fuel-efficient by the way is for the vehicle to use less than seven litres of fuel

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