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Tax

Government to make major changes to FBT exemption for EVs

Miranda Brownlee | 3 minute read

Employees wishing to take advantage of tax concessions withs EVs and salary packaging should focus on lower value vehicles and act soon, says BDO.

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ATO to target misleading advice, aggressive sales tactics in R&DTI space

The Tax Office has outlined the areas currently on its radar with research and development tax incentive claims and encouraged tax professionals to report any dodgy R&DTI advice being promoted.

Tax trust changes could spark further administrative burden: Corrs

Practitioners must watch closely for policy changes regarding the taxation of trusts, as any changes are likely to add further administrative burden for clients, the law firm says.

Government provides detail on R&D tax incentive reforms

The government has unveiled a raft of reforms to the R&D tax incentive, alongside changes to trusts, CGT, and negative gearing.

Treasurer unveils 'ambitious' tax reform package for 2026 federal budget

The government has revealed the details of five major reform packages aimed at addressing substantial issues in the Australian economy and tax system.

Shell wins appeal in CGT dispute with ATO

The Federal Court has overturned an objection decision by the Commissioner of Taxation concerning the calculation of capital gains on company shares that were disposed of by Shell Energy Holdings Australia.

Family trust distribution tax: the growing PI risk for accountants
NTAA calls for targeted FBT reforms to reduce compliance burden

The association has outlined four areas where the government could reduce red tape for FBT, in turn easing compliance costs for small businesses.

Treasury opens consultation for tweaked global minimum tax rules

Treasury has opened consultation for a tweaked version of its global minimum tax rules for large companies, based on OECD guidance.

IPA urges government to simplify laws for WRE deductions
Economist weighs in on the resource tax debate

An AMP economist has broken down Australia’s resource taxation debate, weighing the drivers and flaws of Australia’s current tax settings.