August 8, 2018
Annual vacancy fee for foreign residential property owners
At the end of 2017, an annual fee was introduced for dwellings owned by non-residents of Australia. The measure is part of the government’s housing affordability plan, and is also a financial incentive for foreign owners to make their dwelling available for rent and increase available housing in Australia.
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August 2, 2018
The ATO just launched massive raids on tax agents suspected of phoenix activity
More than 250 officers from the Australian Tax Office (ATO) supported by police raided eleven sites across Victoria as part of an investigation into alleged phoenix activity to avoid tax.
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July 12, 2018
ATO warns of audits for up to one million Australian taxpayers
More than a million ordinary Australian taxpayers on wages or salaries will be subject to interventions potentially leading to full audits, the Australian Tax Office has warned.