Are you working overseas in a low tax jurisdiction and paying little or no tax? If so, you might be liable to pay tax in Australia.
Your tax position all depends on your classification as an ‘Australian Resident’ for tax purposes. To substantiate this, the Income Tax Assessment Act 1936 (subsection 6(1)) and Taxation Ruling TR 98/17 are relevant. Outside of this, there is other tax legislation, rulings and case law which are continually changing the scope of an[...]
Directors – don’t get caught being liable to pay your company’s unpaid taxes because you will be personally liable for a Director Penalty Notice (DPN). This […][…]
The Tax Practitioners Board (TPB) is dramatically increasing its tax agent investigations of tax agents leading to a consequent increase in deregistrations. The Australian Taxation Office […][…]
As everyone knows, the taxation of cryptocurrency is a very grey area. However, the ATO considers that cryptocurrency is a CGT asset (and not cash). Thus […][…]
Are you a business owner who has been unable to make a superannuation guarantee (SG) payment for your employee? The Turnbull government has announced an amnesty […][…]