International Tax News

Twitter Updates

Now is the time to see about your #SMSF restructure options before 30 June 2017 Laws take effect
#MFAA suggests interest-only loans could be the next target of a regulatory crackdown from the #ASIC
#ATO will keep this page updated system availability
Outsourcing of Accounting work overseas is destroying job opportunities for young Australians. does not outsource
#ASIC - 3 new accounting standards coming into effect in next 2 yrs will have an enormous impact on financial reporting
#SMSF confused about the #CGT consequences on the new #SMSF rules, contact and make the right decision
#Super News: #ATO to home in on asset valuations ahead of the introduction of new cap levels on 1 July 2017
#ASIC is warning its Registry customers to be vigilant of scam emails purporting to be from ASIC
#ATO is focusing #tax attention on hair and beauty; building and construction; restaurant, cafe, takeaway and catering industries
#GST: From 1 January 2017, business to business (B2B) sales of precious metal including scrap gold can be, with agreement, reverse charged
Peter Gregg, Previous CFO Leighton Holdings Limited (now CIMIC), has been charged with two counts of falsifying company documents in 2011
Economist predicting #Italy will be the country to bring the single #Euro currency toppling
#ATO system issues: 15 Jan 17 #tax lodgement due date for companies that are heads of consolidated groups has been deferred to 23 Jan 2017
Vanda Gould Sage: Fed. Crt. Dismissed #Taxpayers leave to appeal summary judgments totalling over $30.5m Re Cayman Islands case (#ATO win)
Backpacker #Tax: #ATO has advised that employer registration re working holiday makers has been extended to 31 January 2017
Professional services firms increasingly become targets for cyber criminals. At VCA we take cyber security seriously.
Shadow Treasurer: Complaints made to the #ATO has jumped significantly, even before the recent widespread internet service outages
#Swiss banks on the identification of discretionary classes of beneficiaries of #trusts and foundations
#Singapore investors to be taxed on Indian capital gains. Law takes effect on 1 April, but shares acquired before that date will be exempt
Welcome Back. We at Vicca Chartered Accountants look forward to a Prosperous 2017.
Here's to a fantastic 2017! #viccacharteredaccountants #happynewyear #twentyseventeen
Well, it's that time of the year again! #boxingdaysale #sales #postchristmas
Wishing everyone a wonderful Christmas!
Wishing all our readers a Merry Christmas and a Happy New Year. We will be back Monday 9th January
#ATO : Between 01 Jan 2016 and 30 Nov 2016, 27 individuals were prosecuted for serious #tax crime offences resulting in 23 jail sentences
#ATO checking #SMSF valuations: #SMSF practitioners need to take extra care to avoid issues with #ATO
#ASIC recent call to financial statement preparers to focus on useful and meaningful financial reports
#ATO conducting new risk profiling of #tax practices to account for the billions of $ worth of work-related expenses (WRE) claimed each year
Victorian liquidator registration suspended for 3 years for failing to carry out his duties as a liquidator and misleading the #ATO
#ASIC accepts enforceable undertakings from two of the big four banks regarding their wholesale spot foreign exchange businesses
#ASIC: Former Noodle Box franchisee allegedly engaged in illegal phoenix activity
#Tax Determination TD 2016/19 a beneficiary isn’t entitled to a deduction for an #UPE written off as a bad debt
#Tax Ruling TR 2016/3 sets out deductibility of expenses incurred in acquiring, developing, maintaining, or modifying a business website
Govt releases draft Whistle blowers legislation
#NSW : Crt of Appeal grants a stay of a winding up order for unpaid #tax debts till #AAT proceeding to review the assessments is finalised
Draft #Law released that increases penalties on companies with global revenue of >$1b that fail to adhere to #tax disclosure obligations
#ATO online services are gradually improving. #Tax Agent Portal and #BAS Agent Portal are working and pre-filling now available
From Jan 19 2017 newly registered small businesses have the option to report less #GST information on their #BAS
#ATO Outage message: Thank you for your patience and understanding…. services are gradually improving
{1/2} #AFR : #ATO has devised an ingenious new way to make deadbeat companies pay their way: Dob them into credit rating agencies
#Apple will launch an appeal against #EU 1.3b Euro #tax demand
#MYEFO – Govt to introduce measures preventing distribution of franking credits where funded by particular capital raising activities
#ASIC permanently bans #QLD financial adviser Stewart Banks from providing financial services and engaging in credit activity
#CFO Hastie Services Pty Ltd (in external administration) intends to plead guilty to two charges of conspiracy to falsify the books
#ATO appeal. Court ordered judgment be set aside wherein it was held . $4m loan to resident subsidiary were genuine loans, and not "shams"
Australian Law Reform Commission proposes changes to #super law aimed at reducing the financial abuse suffered by older #SMSF trustees
{1/2} McDonald's Corp will move its international tax base to the #UK from Luxembourg after coming under increased #EU scrutiny
{2/2} The #UK with its proposed corporate #tax rate of 15%, will McDonalds be the start of a gradual corporate migration to the #UK
#ATO system outages: ATO advises No #taxpayer will be disadvantaged as a result of the outage (e.g. tax refunds, lodgements, payments, etc)
#NZ Inland Revenue & #ATO Re student loans: Nearly 57,000 NZ borrowers are located in Australia, of whom two thirds are in default
Financial Services Council (FSC) % of SMSF having formal agreements financial advisers (down 46% to 42%) accountants (up 25% to 30%)
Backpacker #Tax #PAYG W Schedule released
#ATO had intended to release a number of Rulings to press but these have been delayed because of its website/systems problems
#ATO website and support services is up but historical data still missing and functionality compromised
#ASIC Vic Supreme Crt. – Former Aust Wheat Board Chairman Mr Flugge breached his duties as a director Re payments made to #Iraq
My ideal weekend is spent with a cup of coffee and a good book...enjoy your weekend everyone! #weekend #friday...
#ACCC chair Dr Schaper warns about ransomeware. Scammers are becoming increasingly sophisticated and entrepreneurial in the way they attack
[1/3] #PPSR News: The final transitional period allowing users to update the PPSR registration standard ends on 30 January 2017.

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