Decision in disclaiming interest in trust distribution
High Court rejects attempt to disclaim interest in trust distribution The High Court has rejected a taxpayer’s attempt to disclaim an interest in trust income that arose as a result Read More…
2022-2023 Budget Measures that are now law
Low and Middle Income Tax Offset A measure that will no doubt be beneficial for individual taxpayers is the increase in the Low and Middle Income Tax Offset (‘LMITO’) for Read More…
Payroll matters February 2022
Higher PAYG withholding rates continue to apply to backpackers As we recently communicated, the High Court has held that the ‘working holiday maker tax’ (also known as the ‘backpackers tax’) Read More…
‘Backpacker tax’ may not apply to some backpackers
Working holiday maker tax ruling Employers should be aware of the application of the Double Tax Agreement between Australia and the United Kingdom. The High Court has held that the Read More…
Data matching update
AUSTRAC transaction report information data-matching program The ATO will acquire transaction report information data from AUSTRAC for the period of 17 June 2021 through to 30 June 2027. AUSTRAC (the Read More…