Digital Games Tax Offset: Next level achieved
What is the Digital Games Tax Offset (DGTO)? The DGTO is a Federal Government initiative that will ‘provide eligible game…
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Sporting and racing clubs – tax-exempt status update
On 14 September 2022, the ATO released The Commissioner of Taxation’s Ruling TR 2022/2: Income tax: the games and sport…
“Not a theoretical exercise”: Accountants who ignore warnings from the Tax Office may be subject to professional investigations by the Tax Practitioners Board
Last week, the Australian Tax Office (ATO) issued a public statement that it had identified 702 trustees from 356 self-managed super…
State of origin? QLD puts land tax on interstate properties
When do they take effect? The Revenue Legislation Amendment Bill 2022 (Qld) (the Bill) was introduced following the announcement of…
The Government aims for 25 October 2022 to hand down the next Commonwealth Budget
The Labor Party won a majority of seats in the lower house at the Federal election held on 21 May…
Predictive technology likely to drive more real-time engagement by the ATO in M&A, deals and capital raising activity
Background The Deputy Commissioner of Taxation (Commissioner) has wide ranging powers to secure the recovery of tax liabilities and it…