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GST – When digital products and services are purchased from overseas suppliers: changes to the GST regime

Draft legislation which provides for collection of GST on supplies of digital products and services to Australian residents has been introduced into the Commonwealth Parliament. The bill has two basic components – treatment of Australian consumers and treatment of Australian businesses/not-for profits. This article provides an overview of the proposed changes and focuses on the […]

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FBT – FBT Treatment of overpaid salary

What are the FBT implications where an employer mistakenly overpays an employee and enters into an arrangement for the repayment of the overpaid amount over time?

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FBT – The ATO is considering the ‘workhorse’ vehicle exemption and the minor, infrequent and irregular private use requirement.

The ATO is seeking input re a possible review of guidelines dealing with common FBT issues with vehicles, including the old chestnut of “what is private use” in the context of the ‘workhorse’ vehicle minor, infrequent and irregular exemption.

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Eligibility – Thar’s a pot of gold in them thar Estates! Is there? Really?

There have been calls within the not-for-profit sector for introduction of an estate duties. The calls suggest an estate duty will provide ‘untold’ bounty to the non-profit bodies. This article looks at the calls. – If you disagree with the comments feel free to engage in the debate through this newsletter by emailing the TaxEd […]

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GST Q&A -Â- GST registration and ABN’s for Trusts

ABN’s that have been provided for payments to be made relate to a Trust where the entity type is listed as a ‘Discretionary Trading Trust’ and is registered for GST but trading as a different company name, also registered for GST.

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GST Q&A – GST and dividends

Council received a dividend payment for shares held in a company.

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FBT Q&A – Redundancy outplacement training sessions

Are redundancy outplacement training sessions considered to be a form of “work related counselling” and therefore an exempt benefit?

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FBT Q&A – Log book ‘purpose of trip’ entries

When completing a motor vehicle log book for the purposes of the operating cost method of valuing car fringe benefits, will the description ‘business journey’ suffice?

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Eligibility Q&A – Deductibility of optional payment made to a DGR simultaneously with a payment to attend a fundraising function.

Will an optional payment that is solicited by a public ancillary fund be deductible where it is sought simultaneously with another organisation’s fund raising event?

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Salary Packaging – Entertainment benefits to be amended

Meal entertainment and entertainment facility leasing concessions to be curtailed – Part 3.

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