9 December 2013
In this week's Tax highlights we feature:
- R&D claims for design expenditure: The ATO has released draft Taxation Determination TD 2013/D9, which sets out when design expenditure does (or does not) have to be included in the cost of a self-constructed tangible depreciating asset
- Victoria: Franchised branches not grouped with bank for payroll tax purposes: The Victorian Civil and Administrative Tribunal has decided that the Commissioner of State Revenue was wrong to treat the Bank of Queensland Limited and each of its 24 Victorian ‘owner managed’ branches as a payroll tax group
- G20 Australia 2014 – international tax system in focus: The Government has released its priorities for Australia’s presidency of the G20 for 2014, which officially commenced on 1 December 2013.
Plus we provide our synopsis of the latest legislative developments, cases, announcements, and ATO information and releases.