2 April 2013
In this week's Tax highlights we feature:
- Exposure draft – monthly Pay As You Go (PAYG) instalments: Exposure draft legislation has been released concerning the proposal to move large corporate tax entities from quarterly PAYG instalments to monthly instalments
- Large business active compliance manual: The ATO has released this manual which sets out how ATO Large Business and International compliance staff will undertake active compliance activities
- Rulings: Several key fringe benefits tax (FBT) rates and figures have been released for the FBT year commencing on 1 April 2013 including the benchmark interest rate and the record keeping exemption threshold.
Plus we provide our synopsis of the latest legislative developments, cases, announcements, and ATO information and releases.