Australian Taxation Office
New or updated materials on ATO website, including:
- Rulings issuing this Wednesday - one class ruling and addendum to TD 2014/7
- Decision impact statement on Rio Tinto Services case regarding the entitlement to input tax credits in relation to remote area employee housing. The DIS states that the Full Federal court decision is consistent with the Commissioner's view in GSTR 2008/1. However, the ATO will review the content of GSTR 2008/1 and other public ruling products that consider the application of s11-15(2)(a) of the GST Act to ensure that the reasoning is consistent with that adopted by the Full Federal Court. Comments due by 14 December 2015.
- ATO joint program with China wraps up
- Fuel tax credit eligibility tool
The State, Territory and Federal Treasurers met on Friday for the Council on Federal Financial Relations, during which tax reform continued to be a key topic of discussion. The Commonwealth provided further details on possible elements of changes to the Medicare levy or a change to the GST, and it was agreed that all options remain on the table. Additionally, it was agreed that the Council would continue to explore options for improvements to the tax system and that the Commonwealth Treasury with the state and territory counterparts would review the operation of all state and Commonwealth taxes as part of the overall review of the national tax system. See also the Treasurer's opening remarks and the transcript of a press conference held at the conclusion of the meeting.