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Australia- Bermuda Tax agreement
Thursday 18 October 2007
The Minister for Revenue and Assistant Treasurer, Peter Dutton, has announced that the Tax Information Exchange Agreement between Australia and Bermuda came into force on 20 September 2007.
Did you know? Deductions for professional subscriptions
Thursday 18 October 2007
Many professional, business or trade persons are a member of an association and during their working life subscribe to an appropriate organisation.
Tax consolidation improvements
Thursday 18 October 2007
The Minister for Revenue and Assistant Treasurer, Peter Dutton, announced on
12 October 2007 that the Government will amend the tax consolidation regime legislation.
Tax Office to use external debt collection.
Thursday 18 October 2007
The Tax Office has announced the appointment of a panel of external debt collection agencies to assist with the collection of debt
More Tax Office rulings and decisions
Thursday 18 October 2007
the latest rulings and decisions from the tax Office can be viewed here.
ATO appeal to tax agents to dob in cheats
Tuesday 9 October 2007
As part of its offensive against offshore tax havens (receiving up to $5.3 billion a year in funds from Australia), the Australian Taxation Office has put through an appeal to tax agents to dob in scheme promoters and clients with undeclared overseas income.
Tax Office rulings and decisions - September 07
Tuesday 2 October 2007
Click the above link to view the latest Tax Office rulings and decisions.
Did you know: passing on certain records
Thursday 4 October 2007
When a taxpayer acquires an asset from another person, there is generally no requirement for the 'vendor' to pass on any information about the asset to the acquirer.
Business reporting to be slashed
Thursday 4 October 2007
The Treasurer, Peter Costello, has launched what he describes as 'œa long-term initiative to cut red tape confronting business when reporting to government.'
Legislation passes
Thursday 4 October 2007
Tax Laws Amendment (2007 Measures No. 4) Bill 2007 has been passed by the Parliament and received Royal Assent on 24 September as Act No 143 of 2007.
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