From bdo.com.au: Registered Tax Agents are required to adhere to the Tax Agents Code of Conduct and use legitimate methods to reduce tax liabilities for their clients, while companies must consider the long-term consequences of their tax planning strategies.… read more
From cadenalegal.com.au: The Bendel decision from the Administrative Appeals Tribunal ruled that Unpaid Present Entitlements owed to corporate beneficiaries by trusts are not classified as “loans” under Division 7A of the Income Tax Assessment Act 1936, challenging the Australian Taxation Office’s (ATO) previous interpretation.… read more
From cadenalegal.com.au: Tokenisation of real estate in Australia involves converting ownership interests into digital tokens on a blockchain, promising benefits like increased liquidity and fractional ownership.… read more
From www.pwc.com.au: Fringe Benefits Tax (FBT) returns must be prepared for the current FBT year, which runs from April 1 to March 31 with due dates for lodgement set for May 21 and June 25 for electronic submissions.… read more