Australian Taxation Office
New or updated materials on ATO website, including:
- Reminder that Commonwealth penalty units will increase to $180 from 31 July 2015
- Enter two rebates for private health insurance claims to avoid delays
- Streamlined trust tax return to assess trustee income tax liabilities in respect of non-resident beneficiaries
This Tax Insights publication highlights the new ATO guidance released last week on Advance Pricing Arrangements (APAs) as set out in PS LA 2015/4. The new process applies to all ongoing APA negotiations and future APA requests (both new APAs and renewals).