In this edition of Tax Update, we summarise the Bills which have received assent and a Bill which is awaiting assent. Since our last update, a legislative instrument has been made to provide an additional alternative decline in turnover test to be eligible for JobKeeper payments. We also include other updates on Fringe Benefits Tax, Corporate tax residency, R&D incentive, Australia Taxation Office’s (ATO’s) latest publications and latest Australian tax cases in this edition.
For more information, contact us:
| Managing Director Cameron Allen +61 3 9939 4488 cameron.allen@aa.tax |