• Insights

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08 July 2019

The Government has used its first week back in a new Parliament, to pass its complete package of individual tax cuts, the centrepiece of both its re-election platform and plan on keeping the Australian economy on track.

22 May 2019

The ATO has been stepping up its activity in relation to the special tax rules applying to Significant Global Entities (SGEs) recently, despite the rules having been around for a few years now. This is particularly true of the eye-watering levels of penalties that can be imposed on any late...

08 April 2019

The Australian Taxation Office (ATO) has recently updated its website regarding the application of the superannuation guarantee to annual leave loading.

08 March 2019

New tax legislation will deny a tax deduction to a business which fails in its obligations with respect to Pay-As-You-Go Withholding. 

15 February 2019

The Australian Government has released draft law that will introduce a new corporate structure called Corporate Collective Investment Vehicles (CCIV). It will also provide for tax treatment of CCIVs that broadly aligns with the existing treatment of attribution managed investment trusts (AMIT...

29 November 2018

The ATO has issued final guidance to assist taxpayers to manage their compliance risk by outlining straightforward low risk restructuring to which they won't seek to apply tax avoidance provisions. Taxpayers have a short window of opportunity to review their existing hybrid arrangements and to...

19 November 2018

Treasury is consulting on ‘targeted amendments’ to improve the integrity and operation of Division 7A of the ITAA 1936. Submissions are due on 21 November 2018 and BDO will be lodging a submission. Contact BDO to contribute to our submission.

08 November 2018

The Board of Taxation has proposed new residency rules aimed at improving certainty, reducing compliance costs and removing a potential barrier to Australia's attractiveness as an investment location. There has been no fundamental change to the policy intent of the residency rules for individuals...

12 October 2018

The ATO’s final guidance in relation to the central management and control test of corporate residency confirms that it will adopt a stricter interpretation of the rules on foreign incorporated companies claiming to fall outside the Australian tax net on the basis that they are non-resident...

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