Latest Content
Proposed ‘your super, your choice’ measures re-emerge
Proposed new laws would allow a choice of superannuation fund to employees entering into workplace determinations or enterprise agreements on or after 1 July 2020.
Business to get reduced incentives under proposed R&D legislation
The Treasury Laws Amendment (Research and Development Tax Incentive) Bill 2019 was introduced in the House of Representatives on Thursday 5 December.
China looking ahead: A changing global environment
KPMG China’s Head of Tax Lewis Lu discusses issues relevant to businesses operating cross-border with China.
Parliament denies the CGT main residence exemption to foreign residents
Mardi Heinrich & Selina Kneale discuss the implications of removing the Capital Gains Tax (CGT) exemption relating to the sale of a main residence for foreign residents.
Most Popular Articles
KPMG Tax Now highlights report – December
The KPMG Tax Now highlights report summarises the month's key developments in tax, economics, regulation and compliance.
Primary producers, agricultural property and fuel tax credits
To be eligible to claim a fuel tax credit for fuel used in a road vehicle when environmental criteria aren’t met, it must be used in carrying on a primary production business and more than 50% of distance travelled (or time spent) must be on agricultural property.
Podcast Episode Six: A “Unified Approach” under Pillar One
The KPMG Tax Now podcast series offers you unparalleled access to key analysis and discussion.
Capitalised labour costs – when are they deductible? ATO’s Draft Ruling TR 2019/D6
Catherine Dean & Louise Lovering discuss the ATO’s latest view on the deductibility of capitalised labour costs.
Latest Video

Employment Tax Update – what is the Superannuation Amnesty?
James Trainor explains what the superannuation amnesty is and how it will affect business.
Compliance View all >
Proposed ‘your super, your choice’ measures re-emerge
Proposed new laws would allow a choice of superannuation fund to employees entering into workplace determinations or enterprise agreements on or after 1 July 2020.
Parliament denies the CGT main residence exemption to foreign residents
Mardi Heinrich & Selina Kneale discuss the implications of removing the Capital Gains Tax (CGT) exemption relating to the sale of a main residence for foreign residents.
Super maximisers should consider consequences of possible indexation of key caps to $1.7 million
An increase to the amount that can be transferred into the tax free retirement phase and more scope to make non-concessional contributions are on the horizon.
Primary producers, agricultural property and fuel tax credits
To be eligible to claim a fuel tax credit for fuel used in a road vehicle when environmental criteria aren’t met, it must be used in carrying on a primary production business and more than 50% of distance travelled (or time spent) must be on agricultural property.
Corporate Tax View all >
Business to get reduced incentives under proposed R&D legislation
The Treasury Laws Amendment (Research and Development Tax Incentive) Bill 2019 was introduced in the House of Representatives on Thursday 5 December.
Australia’s Hybrid Mismatch Rules: An essential update
In Australia’s Hybrid Mismatch Rules: An essential update, KPMG provides commentary to facilitate understanding and consideration of Australia’s hybrid mismatch rules.
ATO’s GILTI verdict may condemn multinationals to double taxation
Peter Madden & Denis Larkin discuss the ATO’s preliminary view on whether GILTI corresponds to the Australian CFC regime in Draft Taxation Determination TD 2019/D12.
Podcast Episode Seven: Proposals for a global minimum tax
The KPMG Tax Now podcast series offers you unparalleled access to key analysis and discussion.
Deal Advisory - Tax View all >
Deductible liabilities in mergers and acquisitions – practical issue from ATO guidance
Catherine Dean, Scott Farrell & Jenny Wong discuss Draft Taxation Determination 2019/D11.
The ATO’s commercial deal offering – worth considering?
The ATO’s commercial deals program is seeking to provide certainty on the tax consequences of a proposed transaction before it is entered into.
Non-deductible cost of holding vacant land
Richard Wilkins reviews proposed legislation that will deny investors a deduction for holding costs relating to vacant land.
How the MLI is impacting Australia’s tax treaties: Part 1
Denis Larkin reviews the mandatory articles in the Multilateral Instrument that are impacting Australian tax treaties.
Economics & Regulation View all >
Slow growth pushes case for comprehensive reform
Brendan Rynne discusses the latest economic data which reveals the economy is still in slow mode.
Major inflows into public sector and industry super funds continues
Retail super fund total assets stagnate as public sector and industry super funds capture a greater share of the $2.93 trillion superannuation asset pie.
Podcast Episode Six: A “Unified Approach” under Pillar One
The KPMG Tax Now podcast series offers you unparalleled access to key analysis and discussion.
UK elections: tax and spending manifestos
Merriden Varrall looks at the taxation and spending plans of both of the major UK political parties ahead of the December 12 elections.
Employment View all >
Proposed ‘your super, your choice’ measures re-emerge
Proposed new laws would allow a choice of superannuation fund to employees entering into workplace determinations or enterprise agreements on or after 1 July 2020.
Logbook records key to substantiating car expenses
The importance of proper record keeping to support deductions is again demonstrated by a recent AAT case and is a reminder for employers relying on reducing their FBT by maintaining logbooks.
Payroll Tax case update: Medical clinics and allied health industry beware
Andrew Hosken & Peter de Sousa discuss the increased focus from state revenue authorities on medical, optometry, dental and other allied health clinics and operations.
Employment Tax Update – what is the Superannuation Amnesty?
James Trainor explains what the superannuation amnesty is and how it will affect business.
Grants & Incentives View all >
Business to get reduced incentives under proposed R&D legislation
The Treasury Laws Amendment (Research and Development Tax Incentive) Bill 2019 was introduced in the House of Representatives on Thursday 5 December.
Super maximisers should consider consequences of possible indexation of key caps to $1.7 million
An increase to the amount that can be transferred into the tax free retirement phase and more scope to make non-concessional contributions are on the horizon.
Primary producers, agricultural property and fuel tax credits
To be eligible to claim a fuel tax credit for fuel used in a road vehicle when environmental criteria aren’t met, it must be used in carrying on a primary production business and more than 50% of distance travelled (or time spent) must be on agricultural property.
Employers, don’t be the car parking fool come 1 April 2020
Hayley Lock and James Trainor discuss Draft Taxation Ruling TR 2019/D5, released by the ATO.
Indirect Tax View all >
NSW Government proposes expansion of landholder duty base
Definition of land to include anything fixed to land, land value threshold definition to be changed and joint and severally liable among government proposals.
ATO outlines administration of proposed expanded estimates regime
Proposed estimate provisions are to be applied where there are reasonable grounds to suspect phoenix behaviour or where creditor defeating actions are occurring.
New Zealand proposal to revise taxation of certain real estate sales
A proposal to tax the sale of a person’s main home or business premises where there is a pattern of buying and selling land.
Larger, quicker SA land tax cuts announced
The SA Government has declared it will pursue an earlier and greater reduction in top land tax rates as a consequence of higher than anticipated land tax takes from its aggregation measures.
International Tax View all >
China looking ahead: A changing global environment
KPMG China’s Head of Tax Lewis Lu discusses issues relevant to businesses operating cross-border with China.
The international tax issues under ATO scrutiny
Strengthened by an expanding Tax Avoidance Taskforce, the ATO identifies a large number of international tax issues at an increased risk of a review .
2019 Papua New Guinea National Budget Brief
KPMG PNG reviews the 2019 National Budget and its implications for business.
Australia’s Hybrid Mismatch Rules: An essential update
In Australia’s Hybrid Mismatch Rules: An essential update, KPMG provides commentary to facilitate understanding and consideration of Australia’s hybrid mismatch rules.
Migration View all >
Parliament denies the CGT main residence exemption to foreign residents
Mardi Heinrich & Selina Kneale discuss the implications of removing the Capital Gains Tax (CGT) exemption relating to the sale of a main residence for foreign residents.
ATO homing in on foreign tax residency consequences for individuals
Longstanding income recognition issues associated with individuals ceasing Australian tax residency and collecting the liabilities of foreign tax residents remain ATO focus areas.
Taxation of luxury assets: Will Brexit cause turbulence for private luxury travel?
KPMG UK’s Indirect Tax and Customs team assess the possibility of tax regime change resulting from geo-political volatility in the United Kingdom.
Super tax challenges for Australians with US income tax obligations
Jackie Shelton, Terry Hoban & Warwick Lowe explore a US case which is highlighting the need for individuals to seek tax advice before moving overseas.
Tax Law & Dispute Resolution View all >
AAT finds purported contractor to be an employee
Intention for amount paid to cover all on-costs irrelevant to determination of whether individual is an employee or independent contractor.
The High Court’s capital/revenue decision in ‘Sharpcan’ - Part II
What reasons did the High Court provide for dismissing Sharpcan’s revenue outlay arguments?
Untaxed capital gains excluded from FITO limit calculation
Restrictions on including untaxed capital gains may result in reduced foreign income tax offset under ATO draft determination.
High Court decision in ‘Sharpcan’ capital/revenue case
Gaming machine entitlements a capital asset despite risk of forfeiture.
Technology View all >
KPMG submission on ‘Pillar One’ approach to address digital economy tax issues
KPMG tax professionals submit their comments to the OECD with regard to the Pillar One approach.
Taxation of the digitalized economy: an EU perspective
KPMG EU Tax Centre’s Marie Audrain explains why a growing number of EU countries look likely to introduce unilateral digital taxes.
Big data and the ATO: What can you expect?
The ATO’s view on tax data governance and the integration of IT systems.
Does big data equal big improvements for the tax function?
How can you ensure that you are best placed to meet the technology and data requirements of the tax function of the future?

twitter linkdn

emailClient Email

emailKPMG only

Spotlight
KPMG Tax Now – Podcast series
The KPMG Tax Now podcast series offers you unparalleled access to key analysis and discussion in tax, economics, regulation and compliance.
Get Involved