New or updated materials on ATO website, including:
- ATO webinar on Managing Division 7A (deemed dividends) for Small Business - Keeping company and personal tax affairs separate
- Class Rulings released yesterday
- General Interest Charge (GIC) rate for June 2015 quarter which is 9.36%
- Shortfall Interest Charge (SIC) rate for June 2015 quarter which is 5.36%
The Privacy (Tax File Number) Rule 2015, registered yesterday, regulates the collection, storage, use, disclosure and disposal of an individual's tax file number information and replaces the previous Tax File Number Guidelines 2011.
This TaxTalk Alert outlines the ATO's focus areas under its new compliance strategy 'Building Confidence' for taxpayers that fall within the Public Groups and International and the Privately Owned and Wealthy Groups market segments.