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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.

Latest Tax insight

ATO estimates large corporate tax gap – 17 October 2017

On 11 October 2017 the ATO released a new publication called “Tax and Corporate Australia” addressing the tax performance of the top 1,400 large corporate groups (turnover >$250m) for the 2014-15 year. It contains the ATO’s tax gap estimate for the segment, being approx. $2.5 billion, or 5.8% for the year ended 30 June 2015.

ATO estimates large corporate tax gap – 17 October 2017

Recent Tax insights

Latest Tax insight

Clarity in financial reporting

New ‘general purpose financial statement’ requirements and their impact – Australian Tax Office (ATO) releases guidance on how it interprets the law.

Long-awaited Tax consolidation measures released – 15 September 2017

On 11 September 2017, the long-awaited Exposure Draft legislation and a draft explanatory memorandum on improving the operation of the tax cost setting rules in tax consolidation was released for public consultation.

Your tax affairs in the public spotlight – 7 September 2017

On 22 August 2017, the Senate Economics References Committee held a public meeting to continue their long-running inquiry into multinational corporate tax avoidance. One of the principal purposes of the public hearing was to ascertain how recent changes in tax law such as the Multinational Anti-Avoidance Law (MAAL) and Diverted Profits Tax (DPT) have generated change in the tax behaviours of multinationals.

Customs duty compliance: What’s there to worry about? – 9 August 2017

Recent customs duty compliance information published by the Australian Border Force has highlighted several issues that should be of concern to any business importing trading stock, inputs to manufacture or other goods used or consumed in their operations. This raises the question: are businesses paying enough attention to their customs obligations?

The alternative Government: Labor tax policies – 8 August 2017

What would an alternative Labor government propose to tax? It is timely to take stock of the many recent and longstanding tax-related announcements that have been made by Labor.

Housing integrity measures – 27 July 2017

On 9 May 2017 the Treasurer handed down the 2017-18 Federal Budget which had a strong emphasis on promoting housing affordability and assisting first home buyers enter the property market.

Multilateral Convention: an Australian perspective - 16 June 2017

Australia, together with 67 other countries signed the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (the Convention) on 7 June 2017. The Convention operates to work alongside existing tax treaties in implementing the tax treaty-based recommendations arising from the G20/OECD BEPS project.

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Archive

Explore the archive of Tax insights below. If you cannot find the Tax insight your are looking for or if you would like more information on particular topic please contact us on taxinsights@deloitte.com.au.

2017

May

30 May 2017 | The new transfer pricing world: Are you ready?

16 May 2017 | ATO issues risk assessment framework tool for related party financing

15 May 2017 | Real estate tax measures

03 May 2017 | Reflections on the Chevron debt financing transfer pricing case – a post-BEPS decision?

April

03 April 2017 | Corporate tax rate resolved (for now)

March

23 March 2017 | Selling low value goods to consumers in Australia – will you be GST ready ?

February

20 February 2017 | Increased penalties for significant global entities

13 February 2017 | Diverted Profits Tax: how does it impact you?

02 February 2017 | The road ahead

 

2016

December

21st December 2016 | Tax and Politics 2016

1st December 2016 | Diverted Profits Tax: the future is here

8th December 2016 | BEPS: OECD Multilateral Convention

October

27th October 2016 | General purpose financial statements: the current state of play

25th October 2016 | Exposure draft to improve the debt equity rules

September

26th September 2016 | $500,000 lifetime non-concessional contribution cap DUMPED, but…

August

24th August 2016 | The Government’s tax agenda: gliding or crashing?

10th August 2016 | When is interest paid? The wide view versus the narrow view

July

28th July 2016 | Consequences of Brexit – An Indirect Tax perspective

22nd July 2016 | Limited Partnership structure defeated in D Marks case

12th July 2016 | Commissioner of Taxation v Ludekens (No. 2) [2016] FCA 775

June

29th June 2016 | UK leaving the EU: Briefing paper on direct and indirect tax implications

29th June 2016 | DPT Submission to Treasury

20th June 2016 | Your tax affairs in the public spotlight: the Australian tax transparency code

14th June 2016 | What do tax revenue measures in the QLD Budget mean for your business?

14th June 2016 | New South Wales and Queensland property tax increases for foreign owned land

May

27th May 2016 | Tax consolidation changes bring clarity for taxpayers

16th May 2016 | A fork in the road? Tax and the 2016 federal election

16th May 2016 | Federal Budget 2016-17 Superannuation Changes

13th May 2016 | Federal Budget 2016-17 Diverted Profits Tax

April

29th April 2016 | ATO targets international profit-shifting arrangements

15th April 2016 | Tax Incentives for early stage investors

6th April 2016 | New “similar business test” for loss recoupment

February

24th February 2016 | Taxation, national interest and foreign investment: new Australian guidelines

4th February 2016 | Diving into the year ahead

 

2015

December

14th December 2015 | Foreign resident CGT withholding regime

10th December 2015 | New Tax System for Managed Investment Trusts – Bill introduced

1st December 2015 | New Australian tax treaty with Germany

November

4th November 2015 | Deconstructing the Chevron Transfer Pricing Case

October

22nd October 2015 | Countering Harmful Tax Practices

21st October 2015 | BEPS: Neutralising Hybrid Mismatch Arrangements

15th October 2015 | The Global Tax Reset

13th October 2015 | Final report on limiting interest deductions and other financial payments

8th October 2015 | Preventing the Artificial Avoidance of PE Status

6th October 2015 | Final BEPS reports: An overall view

September

17th September 2015 | Multinational tax avoidance measures

August

18th August 2015 | The Senate Inquiry Interim Report

10th August 2015 | Draft legislation on Country-by-Country and transfer pricing documentation

July

30th July 2015 | Investment Manager Regime (IMR) now in operation

June

26th June 2015 | Talking tax reform: Property

26th June 2015 | China Australia Free Trade Agreement signed

25th June 2015 | Investment Manager Regime (IMR) law enacted

18th June 2015 | CbC reporting implementation package

18th June 2015 | Fly-in-fly-out arrangement held to be otherwise deductible

10th June 2015 | BEPS Action 6: Preventing treaty abuse

10th June 2015 | Permanent Establishments: BEPS Action 7 and Australian measures

10th June 2015 | Talking tax reform:Managing employee costs

May

28th May 2015 | Tax Consolidation: Changes raise concerns for affected taxpayers

27th May 2015 | Investment Manager Regime (IMR) finally takes shape

26th May 2015 | Federal Budget 2015-16: Immigration issues

25th May 2015 | Your tax affairs in the public spotlight: Tax transparency

25th May 2015 | Talking tax reform: Not-for-profit sector

12th May 2015 | Talking tax reform: GST

12th May 2015 | Multinational anti avoidance

11th May 2015 | Australian diverted profits and GST measures

5th May 2015 | Talking tax reform: GST

April

20th April 2015 | New Tax System for Managed Investment Trusts - Exposure Draft

1st April 2015 | Re: think: Implications of the Tax Discussion Paper

March

23th Mar 2015 | BEPS: 2015 and beyond

17th Mar 2015 | BEPS – focus shifts toward implementation

12th Mar 2015 | Exposure draft released for Investment Manager Regime (IMR)

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