The Tax Office has announced its administrative treatment in relation to proposed legislative changes in respect of company carry-back tax losses, and the general anti-avoidance rule (Part IVA).
The Tax Office has announced that it is commencing a pilot where the details of taxpayers with overdue income tax return and activity statement lodgment obligations will be referred to external collection agencies, using the same processes that it currently uses for referring taxpayers with overdue debts.
The Tax Office has revealed in the minutes of the March 2013 meeting of the Commissioner's Small Business Consultative Group that it will be ramping up its activities in relation to informing businesses of the new taxable payments reporting requirements.
As part of a package of changes to the education sector, the Government has announced in a recent media release its intention to place an annual cap on self-education expense deductions of $2,000 per person.