Reduction of ‘private companies’ total income threshold, for public reporting of high level tax data – Private Senator’s Bill passes Senate and moves to Lower House

Tax Month - June 2018

The Private Senator’s Taxation Administration Amendment (Corporate Tax Entity Information) Bill 2017, which was introduced in the Senate on 14 August 2017 by the former ALP Senator Katy Gallagher, was passed on Monday 25.6.2018, by the Senate with amendments from the Greens. This Bill would amend law, that requires the Commissioner to publicly disclose certain high level…

Treasury Laws Amendment (2018 Measures No. 4) Bill 2018 – strengthen SG Super contribution compliance, MySuper Core Provisions, Common Reporting Standard, off-shore information notices, disclose SCT information, update DGRs

Tax Month - June 2018

Treasury Laws Amendment (2018 Measures No. 4) Bill 2018 was introduced into Parliament on 28 March 2018, was passed by the Lower House on 25 June 2018 and moved to the Senate on the same day. The Bill would amend: taxation legislation to: enable the Commissioner of Taxation to issue directions to employers to: pay…