10 September 2012
In this week's Tax highlights we feature:
- ATO current compliance focus: The ATO has released information on its current compliance focus areas, which include tax-driven employment arrangements that attempt to avoid income tax, fringe benefits tax or superannuation guarantee liabilities, and uncommercial schemes to create excessive entitlements to deductions such as the research and development tax offset
- New superannuation contribution and rollover standards: Information has been released, and ATO information sessions scheduled in September 2012, on the new data and e-commerce standards imposed on APRA-regulated funds, self-managed superannuation funds and employers
- Low Value Parcel Processing Taskforce – final report: The Taskforce has released its final report on options to improve the efficiency of processing low value imported parcels.
Plus we provide our synopsis of the latest legislative developments, cases, announcements and ATO information and releases.
Read and download Tax highlights in PDF format