Summary of cross-border transaction GST changes in Tax and Superannuation Laws Amendment (2016 Measures No 1) Bill 2016 (as introduced)

Tax Articles

The Tax and Superannuation Laws Amendment (2016 Measures No 1) Bill 2016 was introduced into Parliament on 10 February 2016 to give effect (amongst other things) to the previously announced measure that reduces the GST duties of non-residents and gives ‘Australian-based business recipients’ more responsibility under the ‘reverse charge’ provisions in Div 84 (Schedule 2).  These changes will…

Summary of GST digital supply changes in Schedule 1 of the Tax and Superannuation Laws Amendment (2016 Measures No 1) Bill 2016 (as introduced)

Tax Articles

The Tax and Superannuation Laws Amendment (2016 Measures No 1) Bill 2016 was introduced into Parliament on 10 February 2016 to give effect (amongst other things) to the previously announced measure that GST should apply to overseas digital supplies, to Australian consumers. If the supply is made through an ‘electronic distribution platform’ the operator of that platform…

Tax and Superannuation Laws Amendment (2016 Measures No 1) Bill 2016 introduced – GST on imported digital products and cross-border transactions

Tax Month 2016-02

The Tax and Superannuation Laws Amendment (2016 Measures No 1) Bill 2016 was introduced in the House of Reps on Wed 10.2.2016. It proposes the following amendments: Extending GST to digital products and other imported services – Schedule 1 amends the GST Act to ensure that digital products and other imported services supplied to Australian consumers by foreign entities…

NSW stamp duty: Kamareddin v Comr of State Revenue – transfer exemption for break down of marriage available after divorce despite no Family Law Agreement and remarrying

Tax Month 2016-02, Uncategorized

A taxpayer has been successful before the NSW Civil and Administrative Tribunal in obtaining a marriage break-up transfer exemption from stamp duty under s 68 of the Duties Act 1997 (NSW). The taxpayer married Mr H in 2003. The couple occupied premises in Greenacre owned by Mr H. On 3 November 2011, the taxpayer and Mr H made an oral…

ATO’s ‘effective taxes borne’ tool completes trial and will help analyse tax performance of MNEs

Tax Month 2016-02

The ATO says it has completed a pilot trial with participating businesses to test and refine a methodology to determine Effective Taxes Borne (ETB) and its use in analysing the Australian and global tax performance of multinationals. According to the ATO, its pilot findings show ETB as an effective risk and compliance tool to help it identify…

ATO’s “interpretation NOW!” series on Courts’ approach to interpretation – previously internal but made public in response to public interest

Tax Month 2016-02

The ATO has,  on Tuesday 9.2.2016, released on its Legal Database a series of what till now have been internal ATO documents entitled “interpretation NOW!” (iNOW!). The documents (or “Episodes” as they are called) are an ATO Tax Counsel Network (TCN) initiative and aim to raise awareness about what courts are saying about statutory interpretation.…

ATO – ‘interpretation NOW!’ – episode 8 – latest in series on Courts approach to interpretation (now made public)

Tax Articles

interpretation NOW! goes public in January 2016 – in response to growing external interest. Find it under ‘miscellaneous papers’ in the ATO Legal Database.  iNOW! is a Tax Counsel Network initiative to improve awareness about what courts are saying in this increasingly important field. iNOW! is not legal advice or a public ruling, nor is it a substitute for legal…