Daily Archives: August 29, 2020

Hamilton v CofT – Taxpayer appeals AAT decision on salary exemption under international immunities legislation – High Court Jayasinghe case considered

The taxpayer has appealed to the Federal Court from the decision in Hamilton and FCT [2020] AATA 1812, which upheld the Commissioner’s ruling that the taxpayer’s income from short-term assignments with the International Monetary Fund (IMF) was not exempt from tax under the International Organisations (Privileges and Immunities) Act 1963. The tests in the High Court case…

Treasury fact sheet updated for JobKeeper 2.1 revisions – 7 August 2020 Announcements

Treasury has updated (to 10 August) its fact sheet, Extension of the JobKeeper Payment, to incorporate the further revisions to JobKeeper 2.0 announced by the Prime Minister on 7 August 2020. Those changes will adjust the employee eligibility reference date to 1 July 2020 and revise the turnover test. See below for details. [Tax Month – August 2020]    

Tax Alert TA 2020/3 – Arrangements with interposed offshore beneficiaries, with interest deductions – that avoid Australian tax and interest withholding tax

On Fri 14.8.2020, the ATO issued Taxpayer Alert TA 2020/3 expressing concern about arrangements involving interposed offshore entities, to avoid Australian tax on the Australian profits and interest withholding tax liabilities on the off-shore interest payments. See below for details. [Tax Month – August 2020]