International Tax News

Twitter Updates

#Super changes receive royal assent. https://t.co/WHG6p6T0ek
15% “backpacker tax" has received Royal Assent and is now Law
#ASIC ramps up pursuit of Accountants providing #SMSF advice https://t.co/lu4tzuPCLz
Fed Crt Appeal: administrative penalty failure to lodge #FBT returns – Decision upheld by the Court.
#ASIC issues life insurance financial adviser Mateen Mohammed, of Calamvale, Queensland, a 7 year ban from providing financial services
SA Supreme Crt: Dismisses appeal for offences under #TAA for failing to lodge #tax returns & argued the Court erred in #law and fact
#ATO Small Business Christmas newsletter https://t.co/TtFPGvXtRe
Krista is a new member to Vicca Chartered Accountants, she has experience in processing SMSFs and assisting... https://t.co/srHoMWQBQd
#Tax Offices around Australia will be closed from midday 23 December 2016 and reopen on 3 January 2017.
#Super changes for #SMSF (self-managed super funds) https://t.co/Ta5rXWm7l0
AFR: #OECD supports Australian Education Minister: spending more money on schools does not equate to better performance
#Super changes for #APRA regulated funds https://t.co/ScK3XfM3Sw
#ATO to issue guidelines on defined benefit schemes under new #Superannuation legislation
#ASIC Media: Sydney Recruitment specialist convicted of managing companies while disqualified
Reserve Bank Chart Pack from December meeting https://t.co/eJnHCYZz58
We are closed for the Christmas season from 5pm Thursday 22 December. We will resume work at 8am Monday 9... https://t.co/omFadMRf6e
#AAT Case: fitness industry #taxpayer fails to explain deposits were not income and as such 4 #ATO amended assessments were excessive
Fed. Crt: taxpayer failed CGT "small business entity" $2m turnover test because fuel disbursement receipts were treated as ordinary income
{1/2} #ATO is updating website as it pursues #PAYG withholding on travel allowances. Note 4 exceptions do apply.
ULTIQA Lifestyle: Timeshare operator to revise disclosure and sales practices following #ASIC review of business methodologies
#Wickenby Case: Court grants #Tax Commissioner right to request evidence from overseas banks
[1/2} #ATO is seeking to encourage all Australian residents selling properties over $2 million to apply for a #tax clearance certificate
{2/2} This #Law ‘Foreign resident capital gains withholding tax’ is poorly written and has an unintended reach to Aust resident #taxpayers
A disabled taxpayer’s claim for wife's travel costs where she accompanied him to conferences overseas have been denied
#ASIC and #BMW Finance agree it pays $77 million in compensation to borrowers and community groups in consumer credit settlement
Would you be so kind as to follow us on LInkedIn? It only takes a few seconds using this link -... https://t.co/b8ii7rCryG
At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent
#India #Tax amnesty on undisclosed income results in 1 family disclosure of evading tax on $39 billion of income
Fed. Govt: Wine Equalisation Tax ( #WET ) Rebate changes to assist grape growing, winemaking & associated tourism in regional Australia
First there was Brexit, then there is Italexit, potentially Brexit Italian style. But Italy’s Bank problems continue to go unanswered
#Tax offices will be closed from 23 December 2016 – 3 January 2017
{1/2} #tax practitioners can now view communications the ATO has issued to their clients’ myGov Inbox in the last 24 hours
Enjoy the present moment! #viccacharteredaccountants #enyoythepresentmoment https://t.co/F2HbXBgaq3
Industry sources say ATO will be closely reviewing SMSF asset valuations of private trusts and overseas property in 2016 &2017 ITRs
{1/2} First there was ‘Doctors without Borders’, now there is ‘Tax Inspectors Without Borders’ OECD project launched in July 2015
{2/2} Innovative UN program that attempts to address widespread tax avoidance by multinational enterprises in developing countries
OECD world-wide average tax-to-GDP ratio rose from 34.2% in 2014 to 34.3% in 2015, being the highest level since Stats began in 1965
OECD Report - Asian Region: Tax revenues as a % of GDP range from 12.2% of GDP in Indonesia to 32% in Japan
China launces a pilot program to simplify the process for Epats applying for employment permits in the PRC
China imposes an extra 10% tax on super cars/luxury models costing 1.3 million yuan (Approx. US$188,850): Effective from 1 November 2016
Google is expected to reach a tax settlement with the Indonesian government in the next few weeks
3 associated companies liable to FBT & 75% admin penalties over a 4-year period for failing to lodge FBT returns for several luxury cars
Establishment of a Register of Foreign Ownership of Water Entitlements passed both houses of Parliament and awaits Royal Assent
Amendment coming: Permanent establishment - What is "a place at or through which [a] person carries on any business"
New $60 departure tax effective 01.07.2016 won’t increase for 5 years after having passed both houses of Parliament and awaits Royal Assent
The "backpacker tax" has finally passed both houses of Parliament and awaits Royal Assent
#Virgin Australia has stopped the pre-selection of travel insurance on its online booking platform following discussions with the #ACCC
So true...#viccacharteredaccountants #sunsets #enjoylife https://t.co/NbcSkTFkDx
{1/2} #OECD Tax revenues reach new high as the tax mix shifts further towards labour and consumption taxes
#Tax Admin Act amended to authorise taxation officers to disclose information to an Australian government agency as defined in the #ASIO Act
{1/2} #ATO recommends its employee/contractor decision tool to work out if persons hired are employees or contractors
#ASIC Law Changes: Employee share scheme documents lodged with ASIC are not made publicly available for certain start-up companies
Happy Friday everyone! #happyfriday #coffee #worklife #viccacharteredaccountants https://t.co/0Pt18m4LVk
#ATO is looking at a lack of transparency on fringe benefits tax (#FBT) on celebrations and gifts this festive season
Government to conduct a review of the operation of the Petroleum Resource Rent Tax (PRRT)
Backpackers Tax still in Senate as a debate wages at to a tax rate of 15.0% Vs 10.5%

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