Class Rulings

Class Rulings CR 2016/65: Income tax: the 'Western Sydney University Early Voluntary Retirement Scheme 2016'

Withdrawn Interpretative Decisions

Tax cases

ATO ID 2009/119: Refund of deposit: received by a purchaser as an assessable recoupment

Tech Mahindra Limited v Commissioner of Taxation [2016] FCAFC 130 (22 September 2016): The Full Federal Court has upheld the decision of the Federal Court and confirmed that a company resident in India, which provided IT services to Australian clients from both a permanent establishment in Australia and from India, was liable to tax in respect of some of the income derived from the services provided in India.

Other news

ATO updates practice statement on Part IVA and other GAARs

The ATO has updated its practice statement PS LA 2005/24 on the application of general anti-avoidance rules. The rewrite follows legislative amendment.

OECD releases comments on BEPS discussion draft on interest in banking and insurance sectors

The OECD has released comments received on its discussion draft released on 28 July 2016 in relation to interest in the banking and insurance sectors under Action 4 (Interest deductions and other financial payments) of the BEPS Action Plan..

Progress of legislation

Parliament has adjourned and will resume on Monday, 10 October 2016.

As at 23.9.16

Click here to view table.