Australian Taxation Office

New or updated materials on ATO website, including:

  • The ATO has advised that it will issue an addendum to Law Companion Guideline LCG 2015/2regarding new section 177DA of the Income Tax Assessment Act 1936 (schemes that limit a taxable presence in Australia) tomorrow

Single business identifier

The Assistant Treasurer and Minister for Small Business has announced that an implementation study will be undertaken on the ‘single business identifier’, a measure announced in the 2015-16 Budget, under which Australian Company Numbers and Business Tax File Numbers would be replaced with a single Australian Business Number.