July 2015 eNewsletter

Our latest eNewsletter includes information on the following topics:

Commissioner’s statutory remedial power on the way : A new power will be given to the Tax Commissioner to allow for a more timely resolution of certain intended tax outcomes.

ATO ramps up face-to-face contact with wealthy individuals: The ATO has released details of its new approach to wealthy individuals and their private groups.

Sale of business earn-out arrangements – tax changes on the way: The Government is looking to clarify the tax treatment of business sale earn-out arrangements.

ATO data-matching eBay sellers: The ATO is collecting data on eBay sellers who had sold more than $10,000 worth of goods and services during the 2013–2014 financial year.

Aggressive R&D claims under scrutiny : The ATO and AusIndustry are working together to identify taxpayers who may be involved in aggressive R&D arrangements.

No jab, no pay for child benefits – Government immunisation requirement: Access to certain child benefits will be restricted to families which have met immunisation requirements.

Bonsella News: Updates from the Bonsella Team.