News in brief… 20 September 2021

ATO advice and guidance; NSW Government updates comparison period requirements under JobSaver; ATO update: Re-contribution of COVID-19 early release super amounts.

ATO advice and guidance The Australian Taxation Office (ATO) released two taxpayer alerts on Friday 17 September regarding undeclared foreign income and fuel tax credit overclaims. TA 2021/2 Disguising undeclared foreign income as gifts or loans from related overseas entities TA 2021/3 Fuel tax credit overclaims arising from aggressive marketing and use of GPS telematics technology products More ATO advice and guidance can be found on KPMG Tax Now under ATO rulings, guidance & upda...

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Published Date: 20 September 2021