The Tax Office has released new guidelines for employers, superannuation funds and other entities to follow when preparing Pay As You Go [PAYG] payment summaries. Find out more ... Full Story >
The Tax Office has announced it has offered new tax file numbers [TFN’s] to over three thousand trustees of self managed superannuation funds. Find out more ... Full Story >
The Australian Chamber of Commerce and Industry [ACCI] is proposing that the Government bring forward the tax review and planned tax cuts in a bid to further stimulate the economy. Find out more ... Full Story >
The foreign income tax credit [FITC] and foreign loss quarantining rules will be replaced by the Foreign income tax offset [FITO] rules effective July 1, 2008. Find out more ... Full Story >