From www.accountantsdaily.com.au: The ATO has confirmed it will not provide a blanket extension for lodgments relating to the Bendel decision, which revolves around unpaid present entitlements in private companies.… read more
From ato.gov.au: Private companies should read this article for insights about the ATO’s current position regarding the Bendel decision.
Private Wealth Client Experience Deputy Commissioner, Louise Clarke, shares her thoughts on some common questions we are hearing from private companies and their advisers, regarding the Commissioner of Taxation v Bendel [2025] FCAFC 15 (Bendel) case decision and court process.… read more
From www.austaxpolicy.com: The second part of the discussion on the PepsiCo case examines the Income Tax Assessment Act 1936’s General Anti-Avoidance Rule (Part IVA) and the effectiveness of its 2013 amendments aimed at addressing shortcomings identified in previous court rulings.… read more
From pkf.com.au: Australia’s thin capitalisation regime introduces the Third Party Debt Test and Debt Deduction Creation Rules to limit excessive debt deductions by multinational enterprises.… read more
From www.accountantsdaily.com.au: (Podcast) Discussion of tax depreciation related to investment properties.
The conversation covers the role of quantity surveyors in maximizing tax savings, the differences in depreciation for new versus old and residential versus commercial properties, and the impact of renovations on depreciation claims.… read more
From www.pitcher.com.au: (Podcast) Discussion focusing on the tax system, the political landscape, and business needs from the upcoming federal government.
Includes the challenges of achieving meaningful tax reform.… read more
From www.themandarin.com.au: Public servants in Canberra operate within a unique “bubble,” distinct from the communities they serve, which affects their understanding of societal realities and national decision-making processes.… 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 www.austaxpolicy.com: The High Court of Australia reserved its decision on an appeal regarding the PepsiCo case, which examines the applicability of the Income Tax General Anti-Avoidance Rule (Part IVA) in relation to payments made by Schweppes Australia for PepsiCo’s beverages.… read more
From alvarezandmarsal.com: The State Taxation Administration and Ministry of Finance have released a draft revision of the PRC Tax Collection and Administration Law that proposes significant changes to taxpayer obligations, including expanded anti-avoidance measures and uncapped late payment surcharges.… read more
From www.ifa.com.au: The proposed $3 million super tax by the Labor government has triggered significant pushback, yet both major political parties continue to propose policies that could undermine the tax system.… read more
From www.rsm.global: A recent survey revealed that Australians are nearly evenly divided on the Federal Government’s adjustments to income tax rates and thresholds, with 27.4% opposed and 24.8% supportive.… read more
From publicaccountant.com.au: Understanding cryptocurrency compliance for accountants: investment and trading can be treated differently under Australian tax law.
The Australian Tax Office classifies crypto investments similarly to shares, with distinctions made for capital gains tax versus revenue for day trading.… read more
From www.khq.com.au: The Full Federal Court’s decision in Bendel challenges the ATO’s long-standing position that unpaid present entitlements (UPEs) are classified as loans under Division 7A, indicating that proactive steps must be taken for a loan to exist.… read more
From williambuck.com: As the 2025 financial year-end approaches, tax planning is complicated by upcoming federal elections and potential legislative changes.
Key confirmed measures include the extension of the instant asset write-off until June 30, 2025, and the non-deductibility of General Interest Charges from July 1, 2025.… read more