The Board of Taxation 2012-13 Annual Report has been released. During 2012-13, the Board reported to the Government on: (i) a post-implementation review of certain aspects of the consolidation tax cost setting process; and (ii) a review of the tax arrangements applying to permanent establishments. The Board also continued progress on its post-implementation review of Div 7A of Pt III of the ITAA 1936. In the coming year, the Board says it will continue providing assistance to the assessment of Tax Issues Entry System (TIES) issues raised by the community.
[LTN 247, 20/12/13]