Land tax assessment notices for the 2024 land tax year are in the process of being issued by the State Revenue Office of Victoria. A number of land tax changes have been introduced commencing from 1 January 2024, including increases to land tax and absentee (foreign) surcharge rates. You can read more about the changes […]
In November 2023, legislation introducing a new integrity rule became law.
As part of its tax transparency obligations, the Australian Taxation Office (“ATO”) is required by law to publish certain information on R&D tax incentive claims reported by taxpayers.
Companies that have undertaken R&D activities during the year ended 30 June 2023 are required to register their activities with AusIndustry prior to 30 April 2024. This deadline is strictly enforced by AusIndustry.
Under pressure to provide cost-of-living relief to middle Australia, Prime Minister Albanese announced a proposed redesign of the stage 3 tax cuts legislated to apply from 1 July 2024. Treasury advice estimates that the proposed changes will offer some cost-of-living relief, in the form of a lower income tax liability in 2024-25 compared to 2023-24, […]
As the likelihood of redundancies rises, businesses should consider how to mitigate the impact internally and externally.
Retailers can thrive in 2024 by looking after their people, creating a smooth physical and digital experience and rethinking what drives loyalty.
After first being released as exposure draft legislation in March 2023, the new thin capitalisation interest limitation rules have undergone several round of updates but are still not law.
The ATO has issued an interim decision impact statement following the AAT’s decision in Bendel v FCT, currently on appeal to the Federal Court.
New legislation recently introduced to the Parliament will allow stronger penalties, greater fines, and even jail time for employers found to have deliberately underpaid their workers, but this will come on top of already strong rules in many states designed to crack down on poor payment practices.
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