Australia

Mon, 21 Mar 2022 00:00:00 GMT
Tax-News.com: OECD Releases E-Commerce VAT Toolkit For Asia-Pac States
On March 10, the OECD released a new VAT Digital Toolkit for Asia-Pacific (APAC) nations. The toolkit is intended to support local tax authorities to better collect value-added tax on e-commerce activities.

Wed, 9 Jun 2021 00:00:00 GMT
Tax-News.com: Australian Tax Agency Announces Virtual Currency Tax Focus
The Australian Taxation Office has expressed its concern that some taxpayers do not fully understand the tax implications of cryptocurrency gains.

Fri, 19 Mar 2021 00:00:00 GMT
Tax-News.com: Australia To Shutter 'Harmful' Offshore Banking Unit Regime
The Australian Government has confirmed that it will amend its offshore banking unit regime after it was designated a harmful tax regime by the OECD and the European Union.

Fri, 17 Jul 2020 00:00:00 GMT
Tax-News.com: J5 Group Marks Two Years Of Collaboration On Tackling Fiscal Crime
On July 13, 2020, the US Internal Revenue Service (IRS) issued a progress report on the last two years' work of the J5 group of five advanced countries, who are working collaboratively to tackle cross-border tax fraud.

Thu, 28 May 2020 00:00:00 GMT
Tax-News.com: Australia Flags Contrived Tax Avoidance Arrangement
The Australian Taxation Office has issued a Taxpayer Alert on mischaracterized arrangements and schemes connected with direct foreign investment into Australian businesses.

Wed, 15 Apr 2020 00:00:00 GMT
Tax-News.com: OECD Releases Cross-Border Int'l Tax Guidance On COVID-19 Issues
The OECD has released guidance for national policymakers on the impact of COVID-19 on the treatment of cross-border workers and the interpretation of international tax treaty rules.

Tue, 3 Mar 2020 00:00:00 GMT
Tax-News.com: J5 Reviews Work To Tackle Cross-Border Tax Crimes
On February 19, 2020, the United States Internal Revenue Service announced that the leaders of the Joint Chiefs of Global Tax Enforcement recently gathered in Sydney, Australia, to review their work and to set priorities for the years ahead.

Thu, 20 Feb 2020 00:00:00 GMT
Tax-News.com: OECD Provides Update To G20 On BEPS Work
In a new report for G20 ministers, the OECD has provided an update on its work to tackle tax base erosion and profit shifting relating to multinational businesses.

Thu, 20 Feb 2020 00:00:00 GMT
Tax-News.com: Australia Announces CbC Reporting Changes
The Australian Taxation Office has announced changes to its CbC reporting system following feedback from multinational groups.

Mon, 27 Jan 2020 00:00:00 GMT
Tax-News.com: Netherlands Sets Out 2020 Tax Treaty Goals
On January 20, 2020, the Dutch Ministry of Finance announced the list of countries with which the Netherlands intends to negotiate new or amended double tax treaties in 2020.

Fri, 11 Oct 2019 00:00:00 GMT
Tax-News.com: Australian Tax Changes For Self-Managed Super Funds Effective
Australia has enacted new integrity measures included in the Treasury Laws Amendment (2018 Superannuation Measures No. 1) Bill 2019 affecting self-managed super funds.

Fri, 20 Sep 2019 00:00:00 GMT
Tax-News.com: Exporters Urge Int'l Reform To Simplify VAT Compliance
The International Chamber of Commerce has warned that micro-, small-, and medium-sized businesses' growth prospects are being stymied by complex indirect tax regimes. It has released an issues brief that is intended to contribute towards internationa...

Thu, 5 Sep 2019 00:00:00 GMT
Tax-News.com: OECD Says Pace Of Global Tax Reform Has Slowed
The pace of tax reform has slowed across most leading economies, a new report from the OECD says, calling for bolder tax reforms to address future challenges.

Thu, 5 Sep 2019 00:00:00 GMT
Tax-News.com: Glencore Wins AUD92m Transfer Pricing Case In Australia
Australia's Federal Court issued a decision in favor of mining company Glencore on September 3, 2019. The case centered on whether dealings between Swiss parent Glencore International AG and an Australian subsidiary breached transfer pricing rules in...

Thu, 22 Aug 2019 00:00:00 GMT
Tax-News.com: Australian High Court Allows Use Of Leaked Data In Tax Probes
The Australian Taxation Office has welcomed a significant ruling from Australia's High Court, which enables the tax agency to use information obtained from data leaks, even if leaked from a law firm.

Thu, 22 Aug 2019 00:00:00 GMT
Tax-News.com: Australia May Make Directors Liable For Unpaid GST In Folded Companies
Legislation before Australia's parliament would make company directors liable for a failed company's GST liabilities in certain circumstances.

Tue, 16 Jul 2019 00:00:00 GMT
Tax-News.com: Australia Clarifies Effective Life Of Depreciable Assets
The Australian Taxation Office has released a new ruling on how to calculate the effective life of depreciating assets for income tax purposes, in Taxation Ruling (TR) 2019/5, which is applicable from July 1, 2019.

Mon, 29 Apr 2019 00:00:00 GMT
Tax-News.com: Australia Explains End-Of-Year Reporting Under STP
The Australian Taxation Office has issued guidance on how employers can prepare for end-of-year reporting under the new Single Touch Payroll system.

Mon, 29 Apr 2019 00:00:00 GMT
Tax-News.com: NZ Accountants Welcome Tax Reform Decisions
Chartered Accountants Australia and New Zealand (CA ANZ) has given a guarded welcome to the New Zealand Government's response to the recommendations of the Tax Working Group.

Mon, 15 Apr 2019 00:00:00 GMT
Tax-News.com: Australia Issues Ruling On Hybrid Mismatch Rules
The Australian Taxation Office has opened a consultation on a draft Law Companion Ruling on the targeted integrity rule that will apply under the new hybrid mismatch regime.

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