ATO documents

Taxation Rulings

TR 2017/1: Income tax: deductions for mining and petroleum exploration expenditure

Class Rulings

CR 2017/10: Income tax: Thinksmart Limited - delisting from ASX and shares converted into Depositary Interests

Draft Goods and Services Tax Determinations

GSTD 2017/D1: Goods and services tax: what is excluded from being second-hand goods by paragraph (b) of the definition of that term in Division 195 of the A New Tax System (Goods and Services Tax) Act 1999?

Taxpayer Alerts

TA 2017/4: Claiming the Research and Development Tax Incentive for agricultural activities

TA 2017/5: Claiming the Research and Development Tax Incentive for software development activities

Law Companion Guidelines

LCG 2017/D2: GST on low value imported goods

Practical Compliance Guidelines

PCG 2016/17: ATO compliance approach - exploration expenditure deductions

PCG 2017/2: Simplified Transfer Pricing Record Keeping Options

Decision Impact Statements

DIS: WTPG and Commissioner of Taxation

DIS: Elecnet (Aust) Pty Ltd (as trustee for the Electrical Industry Severance Scheme) v Commissioner of Taxation

Progress of legislation

As at 24.02.17

Bill

Treasury Laws Amendment (2017 Measures No. 1) Bill 2017

Description

Innovation Measures; ASIC

Status

Introduced into House of Reps 16.2.17

Bill

Treasury Laws Amendment (GST Low Value Goods) Bill 2017

Description

GST imposed on low cost imported goods

Status

Introduced into House of Reps 16.2.17

Bill

Treasury Laws Amendment (Combating Multinational Tax Avoidance) Bill 2017

Description

Diverted profits tax; Multinational tax avoidance; Transfer pricing

Status

Introduced into House of Reps 9.2.17

Bill

Diverted Profits Tax Bill 2017

Description

Diverted profits tax

Status

Introduced into House of Reps 9.2.17

Bill

Superannuation (Objective) Bill 2016

Description

Superannuation reform package

Status

Introduced Senate 23.11.16. Awaiting passage by Senate.

Bill

Tax and Superannuation Laws Amendment (2016 Measures No 2) Bill 2016

Description

Remedial power for the Commissioner; Income tax averaging rules for farmers; luxury car tax; minor amendments correcting technical or drafting defects.

Status

Passed Senate 9.2.2016

Bill

Treasury Laws Amendment (Enterprise Tax Plan) Bill 2016

Description

Immediately reduces the tax rate for businesses with turnover of up to $10 million. Reduces the company tax rate for all businesses to 25 per cent by 2026/27. Increases the unincorporated tax discount for small business. Increases turnover thresholds.

Status

Introduced in the House 1.9.16