Australian Taxation Office
New or updated materials on ATO website, including:
- Class Ruling and Product Ruling scheduled to issue on Wednesday
- Streamlined GST reporting for quarterly lodgers
Asia Region Funds Passport
Finance Ministers from Australia, Japan, Korea, New Zealand, the Philippines and Thailand signed the Asia Region Funds Passport Statement of Understanding on Friday signalling their commitment to join the Passport ahead of its commencement in 2016. Members of the Asia Region Funds Passport Working Group (Australia, Japan, Korea, New Zealand, the Philippines, Singapore and Thailand) and the funds management industry are now working on aspects of the region’s tax regimes to ensure the international competitiveness of the Passport.