The ATO has recently released Taxpayer Alerts regarding R&D activities delivered by associated entities and R&D activities conducted overseas for foreign related entities.
New taxpayer alerts on incorrect R&D claims
Category: Update
R&D program integrity rules clarified
A review of the ATO’s latest guidance relating to the Research & Development Tax Incentive (RDTI) program.
Australian M&A activity Q1 FY2024
During the initial quarter of fiscal year 2024, there was a notable downturn in both the average M&A deal value and the total number of transactions.
Cementing the pathway to mandatory climate disclosures
On 12 January 2024, Treasury released exposure draft legislation that confirms the way forward for mandatory climate-related financial disclosures in Australia.
Personal services income: changes in application
The ATO has released TR 2022/3 which finalises its views on personal services income and personal services businesses.
Australian multinationals – important tax update
Our update for Australian multinationals addresses thin capitalisation, withholding tax arrangements and the lodgement of SGE status. Additionally, we address Pillar Two readiness under the OECD’s Global Anti-Base Erosion Rules.
Australian M&A activity Q4 FY2023
Based on the published transaction data for Q4 FY2022, there were 223 deals completed compared to 328 in Q4 FY2021, being a decrease of 32%.
ATO warns taxpayers of property development profit diversion to super funds
The ATO has recently highlighted concerns about schemes that are perceived to lack commerciality and funnel profits to SMSFs.
Update on HLB in 2023
Australasian Association Chair, Tony Fittler, shares several updates from the HLB Mann Judd Australasian Association and HLB global community.
Victorian Budget 2023-24 tax highlights
The Victorian State Budget was delivered on 23 May 2023. Here is our summary of the key tax highlights.