*Div 293 super contributions tax (surcharge on those earning over $300k) – assessments for 2012/13 year to issue in January 2014 [75]
The Tax Office has released its SMSF News (Edition 27) indicating that it will start issuing the first assessments for the new Division 293 tax in January 2014 for individuals above the $300,000 high-income threshold for the 2012-13 financial year. The Tax Office said it will determine who is liable to pay the Div 293 tax by adding…