Insights

On 27 July 2022, the Treasury Laws Amendment (Electric Car Discount) Bill 2022 (the Bill) was introduced by the Government to remove Fringe Benefits ax (FBT) on eligible electric vehicles provided by an employer to its current employees for private use. The proposed measure will be subject to review after...

Employers face ongoing challenges with complying with the various obligations imposed by the tax system. Various changes have been implemented or announced recently across a range of employer obligations which are explained in more detail below. Single Touch Payroll Single Touch Payroll (STP) reporting is now required for all businesses...

The Australian Taxation Office (ATO) recently released its final guidance on determining the tax residency of foreign companies controlled by Australian groups. The identification of tax residency is important as it can give rise to significant tax implications including exposure to Australian income tax and capital gains tax, application of...