The discounts on the interest charged for making an incorrect family trust election fall off sharply the longer a trust delays coming forward.
The ATO's draft determination would mean people aren't entitled to a capital gains tax exemption where their right to live in ...
As tax deadlines draw closer, the Australian Taxation Office is warning accountants and their clients when it will -- and will not -- consider deferral requests.
Ruth Owen’s report says the tax office briefed its staff on changes, but there was no effective communication of the internal changes to taxpayers and their advisers.
Business owners are being reminded to have things in order for the FBT deadline this month. (Source: Getty) Australian ...
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Major ATO change for overdue tax bill interest as Aussies slapped with $9.4 billion charge
Changes to the way Aussie taxpayers request relief from penalties and interest from the Australian Taxation Office (ATO) kicked in this week. The tax office imposed more than $9.4 billion in interest ...
The Australian Taxation Office (ATO) will now have oversight over the digital currency held by Australians, with the overarching idea being to ensure that individuals in possession of cryptocurrency ...
The exterior of the Australian Government Taxation Office in Sydney on Monday, May 28, 2012.Source: AAP Image/April Fonti The Australian Taxation Office (ATO) should rapidly improve its handling of ...
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