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The ATO has advised that practitioners and their clients can opt to pay GST quarterly, and only report annually. This option is available to all businesses with a turnover of…
The ATO has published the 2015 December quarter rates for the General Interest Charge (GIC) and the Shortfall Interest Charge (SIC):
According to the ATO, taxpayers who undertake their own valuations – or use valuations from people without adequate qualifications – risk incorrectly reporting their tax, and may be liable to…
The ATO has issued an information sheet to help taxpayers get their property valuations right. They say that practitioners or their clients can apply for a market value private ruling,…
The ATO has announced that it will conduct a data-matching program on credit and debit card transactions for the 2012/13 and 2013/14 years. Data will be collected from the following…
The ATO has advised that it is sending letters to taxpayers in approximately 500 postcodes across Australia, reminding them to only claim the deductions they are entitled to, for the…
In a similar fashion, the New Zealand government has issued a discussion paper, entitled "GST: Cross border services, intangibles and goods", the upshot of which is to levy GST on…
The (now former) Treasurer recently announced that the States and Territories had unanimously agreed in principle to reduce the GST threshold on imported goods and services (currently at $1,000) to…
