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Diverted Profits Tax – further ATO guidance issued in draft

Tax

Diverted Profits Tax – further ATO guidance issued in draft

On 7 February 2018, the Australian Taxation Office released draft Practical Compliance Guideline PCG 2018/D2, outlining its compliance approach to the diverted profits tax.

20 February 2018

Bare trusts laid bare: Board of Taxation recommendations

On 14 February 2018, the Board of Taxation publicly released its Review of the Tax Treatment of Bare Trusts and Similar Arrangements, which was prepared in June 2017.

16 February 2018

Inbound investors not subject to tax on disposal of shares in Australian company – but at what cost?

The Federal Court of Australia has recently considered whether the sale of shares in an Australian company by two Cayman Islands limited partnerships should be subject to tax...

13 February 2018

Private groups and high net wealth families: A reflection on 2017 and beyond

Reflections on some of the relevant private group and high net wealth family developments in tax law in 2017.

12 February 2018

Australian Open Banking Review Released

It provides advice on the design and implementation of Australia’s Open Banking system and is the first stage in a broader consumer data right.

09 February 2018

The changing consequences when using foreign trusts

The Australian Taxation Office has finalised TD 2017/23 and TD 2017/24, reflecting an increasing trend by the ATO to disincentivise the use of foreign trust vehicles to invest...

05 February 2018

ATO related party financing guidance finalised

The Australian Taxation Office has finalised Practical Compliance Guideline PCG 2017/4 concerning its compliance approach to related party financings affecting multinational groups.

21 December 2017

Santa brings early collective investment vehicle present and some summer reading

This article was written by Andrew Clements. The Government today released draft legislation for the tax treatment of Corporate Collective Investment Vehicles (CCIVs) and the draft legislation for the Asian...

21 December 2017

Global mining company wins land rich valuation case - Placer Dome Inc v Commissioner of State Revenue

The Court of Appeal of the Supreme Court of Western Australia allowed an appeal by Placer Dome Inc in a decision concerning the old land rich provisions in...

20 September 2017

Demystifying tax audits & disputes: FAQs by individuals and SMEs

We answer frequently asked questions by individuals and small and medium-sized enterprises in Australia facing the prospect of an ATO audit or review.

18 September 2017

Pharmaceuticals caught in the ATO net

The Australian Tax Office has made it clear that pharmaceutical companies continue to be a significant focus for them. The application of transfer pricing rules in Australia is...

08 September 2017

Taxes on real estate deals - Australian State and Territory Budgets

Australia's State and Territory budgets have continued a trend of imposing taxes on foreign investment in real estate. Find out more about the stamp duty and land tax...

04 September 2017