When planning to put up a business, it is important to know first the various legal business structure types and their salient features. Researching about it will serve as a useful guide in choosing the right structure that is best suitable for your business needs and possible demands in the future. It is worthy to […]
Trusts’ compliance with anti-avoidance rules reviewed
Trusts’ compliance with anti-avoidance rules reviewed The ATO has announced that it is reviewing selected trusts’ compliance with sections 100AA and 100AB of the ITAA 1936. These anti-avoidance rules are designed to prevent trustees using tax-exempt entities to shelter the trust’s net income. Specifically, it is looking at situations where a tax exempt entity is […]
Contractor & Council Data Matching Program
Contractor & Council Data Matching Program The Australian Taxation Office (ATO) is committed to voluntarily comply with the Guidelines on data matching in Australian government administration (2014) (Guidelines) published by the Office of the Australian Information Commissioner (OAIC). The ATO has advised that it will acquire details of approximately 20,500 individuals providing contractor services to […]
