International Tax News

Twitter Updates

#SA introduces 4% surcharge to residential property purchased by foreign buyers and temporary residents. Effective 1 January 2018.
Pt 1: #AAT dismissed #taxpayer appeal. Upholds #ATO amended assessments and penalty assessments on undisclosed income
Pt 2: #taxpayer – café shop manager failed to disclose $600k of regular cash deposits into his personal bank accounts
#EC proposes transparency rules for #tax advisors, accountants, banks, lawyers who design and promote #tax planning schemes for clients
Treasurer Scott Morrison: From 1 July 2018, #GST will apply to all goods costing less than $1,000 Australian consumers buy from overseas
#ATO currently experiencing systems issues that are affecting all #ATO SYSTEMS - online, portals, PLS and the website
#US #IRS has provided filing advice for taxpayers who had 2016 connections to foreign countries and or a living abroad
#GST Low Value Bill gets through both houses and awaits Royal Assent
Our team participated in the 50km MS Brissie to the Bay - The Ride to Fight MS on Sunday 18 June...and raised... https://t.co/49bAGrZtQ9
#ATO is warning taxpayers to avoid incorrect claims for work-related expenses at tax time this year
From 1 July 2017 #RTP Reportable #Tax Position schedule will apply to companies in economic groups with turnover greater than $250 million
Top 1,000 #Tax Performance Program is one of a number of programs under the Tax Avoidance Taskforce
Self-managed super fund statistical report - March 2017 https://t.co/SYhdhyaGtW
Pt 1: #NSW Budget: stamp duty scrapped for first-time buyers purchasing new and existing homes worth up to $650,000
Pt 2: Stamp duty for foreign property buyers doubling from 4 per cent to 8 per cent; Stamp duty on lenders’ mortgage insurance abolished
Pt 3: 2% additional Land tax for foreign property owners; Duty on crop and livestock insurance being abolished for farmers
Pt 4: small businesses (<$2 m turnover) exempt from duty on insurance for commercial vehicles, professional indemnity & public liability
#Tax Office Chair of the Black Economy Taskforce will be holding meetings around Australia throughout June to discuss the black economy
Reminder #Taxpayer that employs working holiday makers on 417 or 462 visas need to register (once) with the #ATO
#SMSF : #ATO plans to release guidance to rein in strategies that aggressively use of reserves to circumvent the transfer balance cap

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