3 June 2013
In this week's Tax highlights we feature:
- Key tax measures introduced into Parliament: Tax Laws Amendment (2013 Measures No. 2) Bill 2013 has been introduced into Parliament and includes measures that increase ATO disclosure about the tax affairs of large corporate taxpayers, remove the CGT discount for foreign individuals, introduce monthly pay-as-you-go instalments for large entities, and introduce a tax loss incentive for designated infrastructure projects
- Trustee resolutions in place by 30 June: Trustees who make beneficiaries entitled to trust income by way of a resolution are reminded that they must do so by the earlier of the date specified in the trust deed or by year-end
- 2012-13 return forms and schedules released: As the end of the financial year approaches, the ATO has released tax return forms, schedules and accompanying instruction guides for the 2012-13 income year.
Plus we provide our synopsis of the latest legislative developments, cases, announcements, and ATO information and releases.