On 1 Oct 2018, the Goods and Services Tax (Amendment) Bill was tabled in Parliament for first reading.
Other changes include recovering interest from taxpayer who fails to comply with remission conditions; relief from stamp duty for corporate restructuring…
Published: 13 Nov 2018
Published: 12 Nov 2018
This announcement details the manner in which the Resident Fund Scheme of s13R and the Enhanced-Tier Fund Scheme of s13X of the Income Tax Act are to be extended to VCCs.
Published: 31 Oct 2018
Published: 29 Oct 2018
Published: 26 Oct 2018
The abolishment of the 2% withholding tax took effect on 1 July 2018.
In Comptroller of Income Tax v AQQ (2014), the court ruled that generally, a business arrangement would be considered tax avoidance if its main purpose was to avoid or reduce tax; and it was not carried out for genuine commercial reasons.
Published: 04 Oct 2018
This article will discuss the nature and characterisation of tokens issued, and the potential application of existing laws to tax assessment of ICO proceeds and GST on issuing entities.
Introduced: 01 Oct 2018
Published: 20 Sep 2018
Published: 17 Sep 2018
The Bill was introduced for first reading in Parliament on 6 Aug 2018, which seeks to apply the Act to an electronic record that wholly or partly effects a transaction or evidences a matter.