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Corporate Tax Transparency Code Register

Tax Transparency Code now available

Implementation of anti-hybrid rules now available

Sounding Board

Ideas for better tax regulation

  • Increased ATO portal functionality

    There are several common reasons why a tax agent would call the tax office, if some of these reasons can be made available online it would save time for both the tax agent and ATO staff. Suggestions for portal improvements could include: The ability to see, download, and amend the annual payroll summaries and taxable payments summaries lodged by a business (and other uploadable files), ability to make payment arrangements and see active payment arrangements, ability to see the SGC account, and if possible the ability to see super payments made by a business through the super clearing house

  • Safe harbour for long-life depreciating assets in Div 40

    Introduce a general safe harbour effective life for long-life depreciating assets in Division 40, much like the small business general asset pool (say 20 years).

  • Amend transfer pricing rules

    Amend transfer pricing rules so that when a taxpayer’s gearing ratio falls within the safe harbour rations, the taxpayer’s debt deductions are priced, for the purposes of the transfer pricing rules, on the basis of the taxpayer’s actual gearing ratio and not by reference to a notional arm’s length capital structure.

Meetings & events

  • 9 Sep 2016 - Board of Taxation Meeting in Sydney
  • 4 Aug 2016 - Board of Taxation Meeting in Adelaide
  • 24 Jun 2016 - Board of Taxation Meeting in Sydney