This week the Assistant Treasurer issued a media release concerning 64 tax measures previously announced but unlegislated. Of the 64 measures, 16 will proceed and 48 measures will not.
While the Assistant Treasurers' announcement will not please all taxpayers at least it provides some certainty as to the fate of the remaining 64 tax measures which were the subject of further consultation after the 6 November 2013 announcement.
This update summarises some of the important measures, addressed in the media release, which will affect most organisations.
The media release follows that issued on 6 November 2013 by the Treasurer and Assistant Treasurer concerning how 92 previously announced tax measures would be dealt with (see our previous legal update).
View the list of the 64 previously announced measures and how they are to be dealt with here.
Cick here to view table.