The ATO has launched a new campaign warning trustees and retirees about illegal tax avoiding schemes targeting self-managed superfunds.
You must now repay your Higher Education Loan Program (HELP, formerly known as HECS) and Trade Support Loans (TSL) if you live overseas and are not an Australian resident for tax purposes.
We are currently developing an advice or guidance product to clarify our view on the tax consequences of trust splitting arrangements.
Details of public documents currently subject to, or planned to undergo consultation.
The ATO is aware of recent media commentary regarding the implementation of aspects of Single Touch Payroll. This commentary relates specifically to proposed changes to the process when an employee starts a job.
When people or businesses deliberately hide income to avoid paying tax it's called the cash and hidden economy and it’s not fair. All Australians lose when there isn't enough money to fund important community services.