Insurers must lodge a return for ESL on 30 September each year; failure to lodge on time could result in interest/penalties.
The legislation remains a significant expansion of Australia’s foreign resident CGT regime, however changes address some of the more controversial aspects of the earlier draft, as highlighted by Matt Ervin, Enzo Coia, Alex Patrick, Tasha Chen and Amanda Maguire.
This report highlights shifts towards greater centralisation and outsourcing of compliance, the growing importance of VAT/ GST to the business, and the progressive expansion of the roles of indirect tax professionals.
While the Government’s proposed concession for start-up businesses is narrow in design and likely requires further refinement, it will be a welcome form of tax relief for many investors including founders and employees.
The ACT Government will remove stamp duty for all first home buyers from 1 July 2026, along with eligible pensioners.
The decision in Commissioner of State Revenue v Special Situations Investing Group III, Inc [2026] QCA 98 means particular care must be taken when considering internal group restructures involving Queensland assets or landholders, as highlighted by Cullen Smythe and Brooke Gosbell.
The South Australia Budget largely stays the course in regards to taxation, albeit with some targeted duty relief introduced, as discussed by Candice Wong, Alex Pringle and Anna Hall.
The Tasmanian Government’s state budget contains no new revenue measures, other than those already announced.
Both budgets reflect minimal disruption to an already disrupted economy, with few changes to existing taxation and revenue settings, as highlighted by Candice Wong, Dorian Beaver, Jacqueline Wood and Benita Siswojo.
The draft legislation includes a retrospective application of up to 20 years to prior CGT events by an expanded definition of real property that will be concerning for many taxpayers.
Looking at three-month moving averages, hiring, quits and layoffs have remained flat for at least six months to over a year, depending on the indicator, writes KPMG US Senior Economist Matthew Nestler.
This KPMG International webinar, held on 21 January, focuses on the newly-enacted Implementation Regulations for China’s VAT Law.
As discussed by Cullen Smythe, Rouein Momen, Dihan Fernando and Ellie Mavromattis, these reforms aim to make it easier for developers and investors to access stamp duty and land tax relief.
This KPMG International webinar, held on Wednesday 3 September, explores recent tax reporting developments globally and discuss potential strategies digital platform operators can adopt to navigate the evolving regulatory environment.
This report explores the future of indirect taxes by examining ten key predictions on how these taxes will likely evolve in response to technological and societal developments.
Jacqui Hardwick says the use of the GST analytical tool (GAT) is now effectively enshrined into the supplementary annual GST return.
Catherine Ommundson outlines how the Australian Taxation Office (ATO) might respond to a company's supplementary annual GST return.
Jacqui Hardwick explains why the Australian Taxation Office (ATO) is interested in companies' business processes and system changes, in relation to the supplementary GST return.
Jacqui Hardwick and Catherine Ommundson explore the updates made to the supplementary annual GST return, including use of the GST analytical tool, and why the Australian Taxation Office is interested in companies' business processes and system changes.
The South Australian Budget 2025-2026 does not introduce any new taxation measures and continues to implement measures to promote cost of living relief and housing affordability, as discussed by Candice Wong, Varun Iyer and Joshua Harrison.
Tasmania Government unveils 2025-26 Budget with key initiatives for health, housing, and cost of living, as outlined by Jenny Lee, Jacqueline Wood and Sonali Priyansha.
The announcement is a welcome development which will reduce the compliance burden on electronic distribution platform operators, as outlined by Jacqueline Hardwick, Catherine Ommundson and Emily Gadzev.
The new return requires more detailed and targeted explanations to substantiate responses than the pilot and is indicative of the ATO’s continuing focus on obtaining assurance that the right amount of GST is reported and paid, as highlighted by Anthony Versace, Jacqui Hardwick, Rosie Ross and Catherine Ommundson.
As detailed by Dorian Beaver, Primrose Mroczkowski and Angeline Houdalakis, the Victorian 2025-2026 State Budget has not introduced any new revenue measures and extended the temporary off-the-plan stamp duty concessions to support housing supply.
The NT Budget 2025-2026 advances the NT’s tax reform efforts toward simplifying and broadening stamp duty exemptions for charities and government, as discussed by Candice Wong, Tessa Livingston and Myuri Kuganathan.
Director Catherine Ommundson discusses what Top 100 and Top 1,000 taxpayers can do to prepare for the Australian Taxation Office's (ATO) new supplementary annual reporting requirement.
Indirect Tax Partner Jacqui Hardwick discusses the Australian Taxation Office's new supplementary annual reporting requirement for Top 100 and Top 1,000 taxpayers.
Jacqui Hardwick and Catherine Ommundson discuss the Australian Taxation Office's (ATO) new supplementary annual reporting requirement for Top 100 and Top 1,000 taxpayers and what guidance is available to assist organisations to comply.
Roseanne Ross and Catherine Ommundson explore how businesses can achieve higher assurance ratings from the ATO’s Top 100 and Top 1000 programs.
For large market taxpayers who have either not undergone a GST assurance review or are new entrants to the Top 100 and Top 1,000 populations, this return acts as a timely reminder of the ATO’s focal points, as outlined by Anthony Versace, Jacqui Hardwick and Roseanne Ross.
The ATO has set out its key focus areas for financial services and insurance organisations with regards to GST, as outlined by Anthony Versace and Rebecca Lawrence
