The ATO has released TR2011/D3 about when a pension starts and stops. ...
The ATO has released TR2011/D3 about when a pension starts and stops.
The judgment in Commissioner of Taxation v SNF (Australia) Pty Ltd [2011] FCAFC 74 is the first decision of the Full Federal Court of Australia on a substantive transfer pricing issue. The Court concluded that the taxpayer, SNF Australia, had provided sufficient evidence to demonstrate that the Commissioner’s assessments were
The recent decision in Cameron v. Commissioner of Taxation [2011] AATA 386 illustrates the importance of taxpayers satisfying all relevant tests when claiming they operate a personal services business for income tax purposes.
The government has released draft amendments that will specifically allow the streaming of capital gains and franked dividends derived by trusts.
We have been recommending that clients amend their trust deeds to clarify a number of issues of uncertainty arising from recent cases and changes in the ATO position on trusts.
The recent Federal Court decision of Colonial First State Investments Ltd v Commissioner of Taxation [2011] FCA 16 further highlights the danger of assuming that unit trusts will qualify as “fixed” trusts.
Australian retailers have recently campaigned for the government to remove the exemptions that allow certain imported goods to be exempt from customs duty and import GST.
The Queensland payroll tax legislation was amended from 1 July 2008. The purpose was to harmonise Queensland’s legislation with other states. However, the effect was that Queensland adopted some of the harsher payroll tax rules already existing in New South Wales and Victoria.
The decision in SNF (Australia) Pty Ltd v. Commissioner of Taxation [2010] FCA 635 is good news for Australian businesses with international operations. It is the first Federal Court decision handed down on substantive transfer pricing issues.
Recent amendments to the Commonwealth’s taxation legislation have significantly changed the regime relating to the ATO’s power to issue director penalty notices (DPN) to a director of a company.
Transport companies need to ensure they are correctly paying GST when they receive any form of government rebate. Not all government payments will attract GST.
On 26 May the Government introduced the Superannuation Industry (Supervision) Amendment Bill 2010 into Parliament to replace the current borrowing exception in section 67(4A) with new sections 67A and 67B.
Cooper Grace Ward acknowledges and pays respect to the past, present and future Traditional Custodians and Elders of this nation and the continuation of cultural, spiritual and educational practices of Aboriginal and Torres Strait Islander peoples.
Fast, accurate and flexible entities including companies, self-managed superannuation funds and trusts.