News in brief… 17 December 2020

ATO advice and guidance; Business, investment visas to be simplified: Federal Government; Ruling released on Victoria payroll tax exclusion for contractors; Payroll tax relief available under NSW $250m Jobs Plus program; OECD provides update on implementation of hard-to-value-intangibles approach.

ATO advice and guidance The Australian Taxation Office (ATO) released two updated practical compliance guidelines on Thursday 17 December, regarding transfer pricing record-keeping options and claiming deductions for expenses incurred while working from home due to COVID-19. Practical compliance guideline – update PCG 2017/2 Simplified transfer pricing record-keeping options PCG 2020/3 Claiming deductions for additional running expenses incurred whilst working from home due to COVID-19 ...

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Published Date: 17 December 2020