PwC's Monthly Tax Update Archive
Browse through our previous editions of PwC's Monthly Tax Update.
May 2022
Monthly features:
- Funds management tax - Election special edition
- OECD launches public consultation on Pillar One draft Model Rules for domestic legislation on scope
- What’s emerging? Cost of Living Bill confirms deductibility of Covid-19 tests
- Treasury releases ‘FY23 Green Book’ describing President Biden’s tax proposals for businesses
April 2022
Monthly features:
- OECD releases Pillar Two Commentary and launches public consultation on the Implementation Framework
- Superannuation update: 2021 Federal Budget superannuation changes enacted or outstanding
- Australia’s new Alternative Investment Structure
- Federal Budget 2022-23 Tax Analysis and Insights
- Australian Stamp Duty Land Tax Maps March 2022
February 2022
Monthly features:
- Businesses that issue electronic invoices could have the right to require similar invoices from their trading partners
- ATO finalises Practical Compliance Guidelines on imported hybrid mismatches
- OECD releases Pillar Two 15% minimum effective tax rate Model Rules
- Global mobility policies and practices survey
- Why NSW’s proposed property tax reform is as safe as houses
December 2021
Monthly features:
- PwC Submission to Treasury - Supporting health and wellness through tax reform
- R&D tax offset - understanding affiliates and connected entities is key to getting your aggregated turnover calculation correct
- Increasing Climate Ambition: Analysis of an International Carbon Price Floor
- InTouch: Australia
- International Tax News
November 2021
Monthly features:
October 2021
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September 2021
Monthly features:
- A simpler system for employee share schemes
- Updated ATO guidance dealing with residency and source of income for COVID-19 impacted mobile employees
- Dynamic changes proposed for Australia’s skilled migration program
- COVID-19: Support and assistance
- Reporting Regime for Online Marketplaces coming soon
July 2021
Monthly features:
June 2021
Monthly features:
- Federal Budget insights
- 2021-2022 Victorian State Budget
- Draft ATO guidance on cross-border intangible arrangements
- Client Insight: Update on ATO COVID measures on Permanent Establishments
- COVID-19 will force a major rethink of tax systems
- NSW wind farm held to be a fixture and valued under a profit rental approach - SPIC Pacific Hydro v Chief Commissioner of State Revenue
May 2021
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April 2021
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March 2021
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February 2021
Monthly features:
- The road to economic recovery: Registrations are open for the JobMaker Hiring Credit- Learn more
- NSW Jobs Plus Program - Applications now live - Read more
- Proposed Industrial Relations reform at a glance - Details of the case
- ATO’s final guidance on cross-border related party interest-free loans - Key highlights
- Temporary full expensing of depreciating assets -What does this mean for you?
December 2020
Monthly features:
- ATO loses transfer pricing appeal - The takeaways
- Tribunal finds administrators were not entitled to claim input tax credits on costs paid by administrators - Read more
- Have you got the right evidence for your R&D claim? - Details of the case
- NSW 2020-21 Budget announcements and proposed tax reform - Key highlights
- The road to economic recovery: JobMaker Hiring Credit - Learn more
November 2020
Monthly features:
- Federal Budget 2020-21 insights - tax measure to stimulate the economy
- Federal Budget boosts the benefit for R&D Tax Incentive claimants - how will it affect you?
- Aggregated turnover thresholds for loss carry-back and super-charged instant asset write-off measures
- Temporary loss carry-back rules - What you need to know
October 2020
Monthly features:
- Federal Budget insights - follow for the latest updates
- JobKeeper extension - everything you need to know
- Build to rent in Australia - continuing the conversation
- InTouch - quarterly developments in VAT and GST in APAC
September 2020
Monthly features:
August 2020
Monthly features:
- How GST reform can help reboot prosperity for Australia
- Recent JobKeeper updates: what you need to know
- Capital vs revenue? Greig’s case confirms it's all about the facts
- ATO releases its GST Governance, Data Testing and Transaction Testing guide
- Queensland Foreign Land Tax Surcharge - Release of Ex Gratia Relief Guidelines
July 2020
Monthly features:
June 2020
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May 2020
Monthly features:
April 2020
As the international and domestic response to the spread of COVID-19 continues to develop, we know that organisations are facing significant challenges and need to respond rapidly. With this in mind, we have replaced the usual updates document with our tax-related COVID-19 website resources which are updated in real-time as the situation evolves.
You can follow live coverage of the tax implications of COVID-19 on our Guidance on tax obligations and relief for businesses affected by COVID-19 page where we summarise the relief currently available to businesses at both the Federal and State level, including administrative concessions announced by the Australian Taxation Office.
Monthly features:
March 2020
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February 2020
Monthly features:
- The ATO continues its focus on crossborder arrangements involving intangible assets
- Will your Employee Share Trust meet the “sole activities” test under the ATO’s new guidance?
- Planes, trains and automobiles: new ATO draft ruling on work-related transport
- Draft ATO guidance for sovereign immunity and superannuation funds for foreign residents exemptions
November 2019
Monthly features:
October 2019
Monthly features:
- Will your Employee Share Trust meet the "sole activities" test under the ATO's new guidance?
- Superannuation Guarantee Amnesty – It’s back, but will it be passed?
- A recent High Court decision resolves the meaning of “permanent place of abode”
- Federal Court overturns ATO positions on transfer pricing
- PCG 2019/D3 – A way forward on the Arm’s Length Debt Test
September 2019
Monthly features:
August 2019
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July 2019
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June 2019
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May 2019
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April 2019
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March 2019
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February 2019
Monthly features
- Recent insights into ATO streamlined assurance reviews
- Goodwill: leaving its mark across duty and income tax legislation
- New lease accounting standard: Tax matters for lessees
- 2018-19 MYEFO: A few tweaks to tax measures
- ATO finalises controversial guideline on tax residency of foreign companies
- ATO revises simplified transfer pricing record keeping guidance
December 2018
Monthly features
- Exploring the Personal Income Tax System - Removal of the tax-free threshold
- The wrestle between transfer pricing and other provisions continues: a look at debt/equity rules in relation to cross-border debt financing
- New tax obligations for offshore supplies of low value goods
- The ATO’s profit guidance for Australian distributors - are you in the danger zone?
- Private company groups - Are you prepared for Division 7A changes proposed to apply from 1 July 2019?
- PwC and World Bank Group: Paying Taxes 2019
- Undivided payments for goods and services involving a royalty component
- On-demand webcast: Investing in Australian real estate
November 2018
Monthly features
- Exploring the Personal Income Tax System - Separating the taxation of labour and capital income
- Exploring the Personal Income Tax System - Implementing a dynamic tax rate regime
- Hybrid mismatch restructures and general anti-avoidance rules – final ATO guidance
- ATO issues final non-core procurement guidance on offshore hubs
- Are you prepared for the 2018 Reportable Tax Position Schedule?
- Australia’s framework questions for a possible digital tax
October 2018
Monthly features
- New rules impacting foreign investors in Australian infrastructure, real estate and agriculture
- ATO finalises its Diverted Profits Tax guidance
- R&D Tax Incentive - Update on proposed law changes
- Worldwide Tax Summaries - corporate taxes 2018-19
- Upskilling the tax professional - Tax workforce strategy
- International Tax News
September 2018
Monthly features
- Certainty for company tax rate reduction
- Tax Function of the Future: Spotlight on Blockchain
- OECD and UN updated income and capital Model Tax Conventions provide guidance on BEPS and other issues
- OECD publishes long-awaited additional guidance on use of profit split methods
- Managing superannuation costs for foreign nationals working in Australia
- Superannuation Guarantee relief for certain visa holders
August 2018
Monthly features
- The ATO’s continued focus on cross-border funding
- Revised exposure draft law on stapled structures and foreign investor tax concessions
- ATO practical compliance guideline - Private use of exempt car and residual benefits
- Australian stamp duty and land tax rates as at 1 July 2018
- International Tax News
- Tax Function of the Future: Tax Organisational Design
July 2018
Monthly features
- Draft ATO guidance on hybrid mismatch restructures and general anti-avoidance rules
- Considerations following ATO’s rulings on tax residency of foreign incorporated companies
- What it means to be a Significant Global Entity in Australia
- Potential income tax implications for holders of cryptocurrency
- Important considerations for Australian expatriates in determining tax residency
- A look at the European Commission’s digital taxation proposals.
June 2018
Monthly features
May 2018
Monthly features
- Federal Budget 2018-19: your expert guide
- Important changes to lodgment of Australian local files for Significant Global Entities
- Free Trade Agreements: impacts and benefits for Australian businesses
- Global tax challenges of a digital economy
- Draft law for proposed integrity rules for stapled structure arrangements
- International Tax News: April 2018
- 'Top Ten' global mobility issues for Tax Directors
April 2018
Monthly features
- Hybrid mismatch rules: updated draft law released
- Tax transparency in Australia: the current state of play
- Modelling for economic doomsday: new risks and their potential impacts on the Australian economy
- Important year-end updates for Fringe Benefits Tax
- GST on import of low value goods into Australia to commence 1 July 2018
- R&D Tax Incentive: 2017-18 financial year end update
- Trump's Trade War: what does it mean for Australian businesses
March 2018
Monthly features
- Consolidation integrity measures Bill provides clarity for tax consolidated groups
- Practical guidance for the application of Diverted Profits Tax
- Important changes affecting foreign investment in Australian agricultural land
- Real property valuation considerations for mining and infrastructure
- Federal Court confirms Government grant is an assessable recoupment within tax law
- Case in point: Federal Court considers treaty, valuation and compliance implications for limited partnerships
- Proposed GST obligations for parties to residential property transactions
February 2018
Monthly features
- ATO compliance approach to cross-border related party financing
- Private use of exempt car and residual benefits – ATO draft guideline
- Draft hybrid mismatch rules – potential impacts for real estate and infrastructure investments
- Corporate Collective Investment Vehicle – exposure draft law
- Diverted Profits Tax – guidance released by ATO
- Paying Taxes 2018
- Back to 'School' in 2018 – professional development workshops
December 2017
Monthly features
- Draft law on Australia’s hybrid mismatch rules
- New measures governing deductions for residential rental properties
- House and Senate tax reform proposals could significantly impact US international tax rules
- New GST obligations for parties to residential property transactions: exposure draft released
- Removal of the double taxation of digital currencies
- Annual vacancy fee (ghost tax) for foreign owners of Australian residential property
- Top 320 Private Groups subject to ATO Program
- GST: Import of low value goods into Australia taxed from 1 July 2018
November 2017
Monthly features
- New legislation provides certainty around corporate tax rate reduction
- Trade Talk: Australian Trusted Trader - Pipeline of Future Benefits
- ATO tightens reins on employer superannuation obligations
- Proposed Australian Corporate Collective Investment Vehicle
- New incentive for investors in greenfields mineral exploration
- Oi Aussies, why you need tax reform
June 2021
October 2017
Monthly features
- Tax reform framework for US released
- Consolidation integrity measures - what these might mean for transactions by tax consolidated groups
- ATO guidance on lodgment of general purpose financial statements (GPFS)
- Proposed changes to eligibility criteria for company tax rate cuts
- ATO releases practical guidance on fixed trusts
- Low value imported goods subject to GST from July 2018
- Proposed legislation to increase supply of affordable housing
- A detailed look at Placer Dome Inc: rigour required to ensure valuations are fit for purpose
September 2017
Monthly features
August 2017
Monthly features
July 2017
Monthly features
- The Tax Professional of the Future
- Australia signs the OECD's BEPS Multilateral Instrument
- VAT compliance: the impact on business and how technology can help
- International Tax News: June 2017
- Import of low value goods into Australia to commence 1 July 2018
- TR 2017/D6: deductions for employee's travel expenses
June 2017
Monthly features
- BEPS still taking shape under the auspices of the Inclusive Framework
- What are the tax implications of the Federal Budget?
- New ATO guidance on cross-border related party financing
- Robotic Process Automation: what Tax needs to know now
- Update on Australian CbyC reporting Local Files
- 2017-18 Budget and other developments affecting the institutional real estate sector
- The future of stapled structures
- Trump Administration FY 2018 budget released
May 2017
Monthly features
April 2017
Monthly features
March 2017
Monthly features
- New guidance for directors and self-assessment procedures
- Privatisation and Infrastructure: ATO Framework
- Reportable tax position schedule: impact on Financial Services sector
- Fringe Benefits Tax update and year-end reminders
- Multinationals faced with new measures introduced into parliament
- R&D Tax Incentive: Taxpayer Alerts issued
February 2017
Monthly features
- The use of stapled structures of concern... again
- Getting ready for the Common Reporting Standard
- Decision time for tax reform: 2017 tax policy outlook
- The Tax Function of the Future: Enhancing Tax Process Management and Controls
- January International Tax News: keep up with constant global developments
December 2016
Monthly features
November 2016
Monthly features
- General anti-avoidance rules: what you need to know
- New tax treaty with Germany: a model for future tax treaties
- Building a business case for change
- Applying the 'substance test' for withholding MITS
- Banking and capital markets 2020: is your business equipped with a tax function for the future?
- Bring your tax risk management policy to life with technology
October 2016
Monthly features
- Tax transparency and Country by Country reporting: BEPS and beyond
- Tax Function of the Future webcast: building the business case for change
- Superannuation: where are we since the 2016-17 Federal Budget?
- Worldwide Tax Summaries: Corporate Taxes 2016/17
- The Commissioner releases updated guidance on Part IVA: PSLA 2005/24
- Australian Trusted Trader: evolving to benefit everyone
- International Tax News: September 2016
- Global tax accounting services: July-September 2016
September 2016
Monthly features
August 2016
Monthly features
- Total Tax Contribution Framework: over a decade of development
- Priorities for an incoming Government: some thoughts
- Reflections on Australian Trusted Trader one month after launch
- 2016-17 State Budgets: mixed bag of abolitions, introductions and expansions
- Global Tax Accounting Services: April-June 2016
July 2016
Monthly features
- Alternative assets – a Federal Budget lost?
- The EU referendum – what are the implications of Brexit?
- Franking pitfalls: how do you avoid them?
- Australian Trusted Trader – expressions of interest now open
- Australian CbC reporting implementation – unique Local File design finalised
- Largest global mining companies make significant government contributions despite no profits
- Foreign resident capital gains tax withholding regime
June 2016
Monthly features
May 2016
Monthly features
April 2016
Monthly features
March 2016
Recent updates in the areas of corporate tax, indirect tax, international tax, legislative updates, and other news.
Monthly features
February 2016
Monthly features
- ATO sharpens focus on Large Business
- Valuing goodwill in a mining context
- Immigration: a year in review
- Global Tax Accounting Services Newsletter: October - December 2015
- PwC's Global CEO Survey: redefining business success in a changing world
- Moving forward on the new Managed Investment Trust Regime
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