latest news
Approved Bill to change residential property gst arrangements
A Bill has been introduced to amend the A New Tax System requiring purchasers of new residential premises and new subdivisions of potential residential land to remit the GST on the purchase price directly to the ATO as part of the settlement process.
Looking at moving towards combating the black economy
The black economy includes people who don’t correctly report and meet their tax obligations, and people who operate entirely outside the tax and regulatory system. The Government and the ATO consider the black economy a significant economic and social problem.
COURT FINDS PAY-AS-YOU-GO AMOUNTS "WITHHELD" FROM SALARY PAYMENTS
The Federal Court has ruled that pay-as-you-go (PAYG) amounts were “withheld” from a taxpayer’s salary.