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

OECD Pillar Two: Information return and safe harbours – 30 January 2023

On 20 December 2022, the OECD published an implementation package in respect of the Pillar Two global minimum tax rules.

Fringe benefits tax – Record keeping changes – 13 September 2022

On 9 September 2022, the Government has released a series of exposure drafts designed to simplify FBT record keeping for employers who maintain good corporate records.

Federal Court recognition of the commercial reality of small and privately owned businesses – 5 September 2022

Some refreshing judicial commentary was handed down by the Federal Court on 19 August 2022, where His Honour Justice Logan recognised the comparative informality concerning small and privately-owned business taxpayer groups, in contrast to the behaviour expected of larger corporate taxpayers.

The 2022 Indirect Tax Pathfinder - 08 August 2022

Deloitte and Thomson Reuters have partnered together to release the 2022 Indirect Tax Pathfinder Whitepaper.

Government introduces legislation to encourage electric vehicle adoption – 27 July 2022

On 27 July the Government introduced legislation to exempt from fringe benefits tax, the use, or availability for use of certain cars that are zero or low emissions vehicles.

ATO releases Taxpayer Alert on treaty shopping arrangements – 21 July 2022

On 20 July 2022, the Australian Taxation Office published Taxpayer Alert TA 2022/2 on “treaty shopping arrangements designed to obtain” reduced withholding tax rates. The Commissioner has issued this Taxpayer Alert to inform taxpayers that the ATO is currently reviewing certain perceived treaty shopping arrangements in relation to royalty or dividend payments from Australia paid to an “interposed entity” that is a resident of a treaty partner jurisdiction.

Archive

Explore the archive of Tax insights below.

2022

18 July 2022 - Update on EBITDA interest and royalty measures

30 June 2022 - Hybrid Mismatch Rules – US GILTI rules do not correspond to Australia’s CFC rules

10 June 2022 - ATO changing the way it obtains GST assurance for Top 1000 taxpayers

1 June 2022 - Changes to debt deduction rules

19 May 2022 - Corporate Tax Playbook

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

16 May 2022 - Understanding the post-election tax policies

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

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

2021

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

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

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