Tax insights

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Tax insights

Latest developments in tax

Deloitte Australia’s Tax insights apply a wealth of expertise to provide you with comprehensive analysis and implications in respect of the latest tax developments.

Recent tax insights

Notional GST: ATO’s dispute resolution approach for government entities – 16 May 2022

On 13 April 2022, the Australian Taxation Office published details of the processes it requires government entities to adhere to when disputing a position taken by the Commissioner of Taxation on a notional GST matter.

Understanding the post-election tax policies - 16 May 2022

Australians go to the polls on Saturday 21 May 2022. This Tax Insight summarises what businesses can otherwise expect beyond the next election from the current Government or from a potential Labor Government.

New ATO guidance for private and family groups – 1 March 2022

On 23 February, the ATO released a number of long awaited guidance products for private and family groups with a particular focus on trust arrangements.

ATO announces a review of the Advance Pricing Arrangement program – 31 January 2022

On 12 January 2022, the Australian Taxation Office announced that it is conducting a review of its Advance Pricing Arrangement program. The review will focus on whether the program is assuring transfer pricing risk in the most efficient manner, as well as whether the APA program is providing the right service for all taxpayers.

OECD inclusive framework publishes Pillar Two global minimum tax model rules – 21 December 2021

On 20 December 2021, the G20/OECD Inclusive Framework on BEPS published Tax Challenges Arising from the Digitalisation of the Economy Global Anti-Base Erosion Model Rules (Pillar Two). This follows on from the Statement on a Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy, agreed by more than 135 of its members on 8 October 2021.

Archive

Explore the archive of Tax insights below.

2021

16 December 2021-  Imported hybrid mismatches – Final ATO guidance released

3 December 2021- ATO (updated) discussion paper – Tax implications of Inter-bank Offered Rate reform – 1

21 October 2022 - Listed entities must announce JobKeeper information to the market

1 October 2021 - New South Wales JobSaver Payment

29 September 2021 - Federal and State support measures in response to COVID-19 lockdowns

16 August 2021 - ATO Discussion Paper – Tax implications of Inter-bank Offered Rate reform

5 July 2021 - ATO’s Interim Top 500 Findings Report

07 July 2021 - OECD Inclusive Framework reaches political agreement on Pillar One and Pillar Two

25 June 2021 - ATO issues draft ruling on software and royalty withholding tax

08 June 2021 - G7 agreement on Pillar One and Pillar Two

19 May 2021 - International Intangibles Arrangements: Documentation, documentation and more documentation

19 May 2021 - COVID-19 tax measures: tax return disclosures

11 May 2021 - Federal Budget 2021-22

10 May 2021 - Transfer pricing considerations for the insurance sector

16 April 2021 - Reportable Tax Position Schedule Instructions 2021 – key changes

1 April 2021 - Introduction of electronic invoicing (e-invoicing) into the Australian market

23 February 2021 - ATO’s view on tax treatment of travel expenditure

17 February 2021 - COVID-19: Updated ATO and OECD guidance on international tax matters

04 February 2021 - Multilateral Instrument: State of play in 2021

2020

17 December 2020 - Simplified Transfer Pricing Record Keeping Options: Update to interest rate thresholds

16 December 2020 - Global reform to the Mutual Agreement Procedure (MAP) process - an Australian perspective

09 December 2020 - Interest-free loans – ATO finalises long-awaited Guidance

09 December 2020 - JobMaker Hiring Credit Rules released

03 December 2020 - ATO releases updated guidance on Advance Pricing Arrangements

02 December 2020 - Full expensing of depreciating assets - Bill introduced for alternative eligibility test – 2 December 2020

18 November 2020 - NSW: Proposed Property Tax

10 November 2020 - Glencore wins transfer pricing case in Full Federal Court decision

15 October 2020 - Full Federal Court overturns decision in Eichmann

15 October 2020 - Clarifying the corporate residency test

15 October 2020 - Pillar Two blueprint on a global minimum tax issued

15 October 2020 - Pillar One blueprint on nexus, profit allocation challenges of digitalisation issued

14 October 2020 - Tax loss carry back legislation passed

6 October 2020 - Federal Budget 2020-21

1 October 2020 - ATO Guidance on Principal Purposes Test

15 September 2020 - Increased ATO activity in a post-BEPS environment

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