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Taxation

It is the role of the Treasury to provide advice on effective tax and retirement income arrangements that contribute to the overall fiscal outcome, influence strong sustainable economic growth for the good of the Australian people. The Treasury is responsible for assessing and advising on the general design of the tax system and its components, and retirement income policy, in relation to economic efficiency, equity, income distribution, budgetary requirements and economic feasibility.

Consultations

  •  - Open27 days left to have your sayExposure Draft

    The Government announced in the 2016-17 and 2017-18 Budgets that it would implement the Organisation for Economic Co operation and Development’s (OECD) rules aimed at eliminating double non-taxation benefits from hybrid mismatch arrangements which exploit differences in the tax treatment of an entity or instrument under the laws of two or more tax jurisdictions. The […]

  •  - ClosedConsultation Paper

    The Government announced in the 2017-18 Budget that from 1 July 2018, purchasers of new residential premises or new residential subdivisions would pay the GST on the purchase price directly to the ATO as part of the settlement. This consultation seeks stakeholder views on amendments to the Taxation Administration Act 1953, and consequential amendments to […]

  •  - ClosedExposure Draft

    The $1.1 billion National Innovation and Science Agenda (NISA) was announced on 7 December 2015 and contained a range of tax measures to support innovative Australian businesses. These tax measures included the introduction of the Tax Incentive for Early Stage Investors, as well as amendments to the Venture Capital Limited Partnership and Early Stage Venture […]

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