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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
Tax and Business Relief in response to COVID-19
The global COVID-19 pandemic is having a significant impact on all of us: business, families, the economy, the health system our broader communities are all affected. In response, the Australian government has released various economic stimulus packages and other support measures.
Expanded definition of Significant Global Entity
On 12 February 2020, the Government introduced the Treasury Laws Amendment (2020 Measures No. 1) Bill 2020 (the SGE Amendment Bill) into Parliament which will extend the definition of a Significant Global Entity (SGE) and introduce a new concept of a Country-by-Country reporting entity (CbCRE).
Eichmann decision lifts the bar on active asset test
A recent decision of the Federal Court addressed the question of whether an asset (a block of land) was sufficiently connected to business operations so as to qualify as an active asset.
Superannuation Guarantee amnesty requires action now
On 6 March 2020, the Treasury Laws Amendment (Recovering Unpaid Superannuation) Bill 2019, also referred to as the Superannuation Guarantee (SG) Amnesty Bill, received Royal Assent.
Australian perspectives on OECD Financial Transactions Guidance
Following over a year of public consultation, on 11 February 2020 the OECD released its updated final guidance entitled “Transfer Pricing Guidance on Financial Transactions: Inclusive Framework on BEPS Actions 4, 8-10”.
A guide to bushfire related tax relief in Australia
A number of tax relief measures have been announced by the Federal and State governments after the 2019-20 bushfire season.
Archive
Explore the archive of Tax insights below.
2019
17 December 2019 - ATO guidance on Principal Purpose Test
16 December 2019 - The ATO’s expectations to obtain assurance in relation to tax governance
16 December 2019 - Hybrid mismatch rules – Exposure Draft amendments released for comment
9 December 2019 - Expanded definition of Significant Global Entity
5 December 2019 - Revised R&D Tax Incentive Bill introduced into Parliament
28 November 2019 - ATO compliance approach for related party debt derivatives
25 November 2019 - ATO releases hybrid mismatch guidance dealing with US GILTI rules
25 November 2019 - How are you funding your business?
25 November 2019 - Australian hybrid mismatch rules and other new international tax measures
18 November 2019 - OECD consultation document on global minimum taxation proposal (Pillar two)
15 October 2019 - OECD proposes a "unified approach" to Pillar 1
11 October 2019 - Changes to the taxation of stapled structures – ATO Draft Law Companion Ruling LCR 2019/D2
9 October 2019 - Multilateral Instrument: State of affairs
26 September 2019 - ATO guidance on non-resident owned mobile offshore drilling units in Australian water
20 September 2019 - Extended Superannuation Guarantee (SG) amnesty to be legislated
20 September 2019 - Director penalty notice and ATO estimates regimes: Expansion to GST
28 August 2019 - ATO publishes draft practical guidance on arm’s length debt test
27 August 2019 - New tax whistleblower regime
1 August 2019 - Reportable tax position regime extended to private companies
24 July 2019 - ATO rules that transfer pricing provisions override debt-equity rules
16 July 2019 - The ATO’s expectations to obtain assurance
10 July 2019 - Personal tax cuts pass Parliament
05 June 2019 - Update on OECD work on the tax challenges of digitalisation
03 June 2019 - Deloitte's 2019 BEPS survey: an Australian perspective
20 May 2019 | Coalition Government returned: tax agenda
16 April 2019 | Understanding the post-election tax policies affecting business
16 April 2019 | Understanding the post-election tax policies affecting individuals
16 April 2019 | The latest from Canberra
03 April 2019 | Federal Budget 2019-20
15 April 2019 | ATO publishes “in-part” guidance on Arm’s Length Debt Test
11 April 2019 | Australia and Israel: double tax treaty
09 April 2019 | RCF: Certainty restored, and some more questions
27 March 2019 | Multilateral Instrument: now in force in Australia
26 March 2019 | ATO guidance on inbound distributors
19 March 2019 | Tax Transparency Code: proposed increase in scope
20 February 2019 | Tax challenges of digitalisation: OECD paper released
2018
2 September 2019 (Updated) | Black economy measures draw a wide net
26 October 2018 | Changes to the taxation of stapled structures and limitation of concessions for foreign investors
18 October 2018 | ATO releases revised guidance on MAP – what does it mean for you?
27 September 2018 | Diverted profits tax: where are we now?
25 September 2018 | Can you identify your Reportable Tax Positions?
25 September 2018 | R&D Tax Incentive Bill introduced into Parliament
August 2018 | More headaches for more Significant Global Entities
17 July 2018 | OECD releases Discussion Draft on the transfer pricing of financial transactions: An Australian perspective
25 June 2018 | Hybrid Mismatch and Multinational Group Financing Integrity Rules
21 June 2018 | Corporate residency test – ATO’s new approach
14 June 2018 | Senate Inquiry into corporate tax avoidance final report
20 February 2018 | GST withholding obligation for residential property purchasers
14 February 2018 | Resource Capital Fund decision
13 February 2018 | Foreign residents to be excluded from CGT main residence exemption
2017
20 December 2017 | ATO issues final compliance approach for cross borderrelated party debt funding
22 November 2017 | US Tax reform – What does it mean for Australia?
October 2017 | Clarity in financial reporting
7 September 2017 | Your tax affairs in the public spotlight
23 March 2017 | Selling low value goods to consumers in Australia – will you be GST ready?
2016
27th October 2016 | General purpose financial statements: the current state of play
2015
14th December 2015 | Foreign resident CGT withholding regime
4th November 2015 | Deconstructing the Chevron Transfer Pricing Case
18th August 2015 | The Senate Inquiry Interim Report
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