News in brief…27 November 2024

ATO advice and guidance; Legislation update: BEPS Pillar Two bills pass Senate; Legislation update: Help to buy bills pass Senate; Legislation update: Commonwealth entities payment surcharge bills pass House.

ATO advice and guidance The Australian Taxation Office (ATO) released its latest advice and guidance on Wednesday 27 November, which includes three class rulings, draft updates on a law companion ruling and taxation ruling, a taxation determination, a practical compliance guideline, and a withdrawal. Taxation determination TD 2024/9 Income tax: factors taken into account applying paragraphs 99B(2)(a) and (b) of the Income Tax Assessment Act 1936This Determination provides guidance on our appr...

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Published Date: 27 November 2024