On 19 March 2020, the Australian Charities and Not-for-profits Commission (ACNC) announced it would commence a review of about 500 registered charities for their eligibility for registration. See below for further details. [Tax Month – March 2020]
On Friday 20.3.20, the ATO released a synthesised text of Australia’s double taxation agreement (DTA) with Canada. It outlines the modifications that have been made to the DTA by the Multilateral Convention to Implement Tax Treaty Measures to Prevent Base Erosion and Profit Shifting (known as the ‘Multi-lateral Instrument’ or ‘MLI’) See below for an…
On Friday 20.3.20, the Prime Minster today announced that the 2020-21 Federal Budget will be deferred until Tuesday 6 October 2020 (instead of May 2020 as originally scheduled) given the ongoing uncertainty surrounding financial forecasts. Mr Morrison said he has spoken to the Leader of the Opposition, and thanked him for his support of these arrangements. [Tax Month –…