15 July 2013
In this week’s Tax Highlights we feature:
- Treasurer announces early move to emissions trading scheme (ETS): The Treasurer has announced that the Government intends to move from a fixed carbon price to an ETS from 1 July 2014 (previously 1 July 2015)
- International dealings schedule instructions 2013: The ATO has released the international dealings schedule instructions for 2013
- Private company loans taxation determination (TD) released: This TD sets out the benchmark interest rate applicable for the year of income commencing 1 July 2013 for the purpose of Division 7A (which deals with payments and loans to entities connected with a private company).
Plus we provide our synopsis of the latest legislative developments, cases, announcements, and ATO information and releases.