The Tax Institute is the most respected and influential contributor to the development of tax policy and administration in Australia. As part of this contribution, we prepare top level submissions on tax policy, administration and technical matters at both Federal and State levels. Non-confidential submissions prepared from 1996 onwards and covering legislation, ATO and Treasury consultative documents and papers, as well as rulings, determinations and a range of other ATO opinion and guideline documents, are available here.
28 Aug 2020
The Tax Institute welcomes the opportunity to make an additional submission in response to the call by the Minister for Housing and Assistant Treasurer, the Hon Michael Sukkar, on 27 July 2020 for such submissions from individuals, businesses and community groups on their views regarding priorities for the 2020-21 Budget.
07 Aug 2020
The Joint Bodies welcome the further changes announced today to the extension to the JobKeeper Payment scheme from 28 September 2020 through to 28 March 2021. This is a necessary step for continuing to support employers and employees through COVID-19 pandemic, particularly in light of the Stage 4 Restrictions currently in place in Victoria.
05 Aug 2020
The Joint Bodies recognise and understand the critical need for the Stage 4 Restrictions in Victoria. Accountants, tax practitioners, professional advisers and bookkeepers (i.e. tax practitioners) are crucial in supporting businesses and individuals (i.e. taxpayers) through the COVID-19 crisis. It is important that accountants, tax practitioners and related professionals can continue to assist taxpayers in meeting their tax obligations and accessing much-needed Government assistance.
17 Jul 2020
There is considerable public conjecture that the Victorian government is currently considering Stage 4 restrictions in the event of an escalation in COVID-19 cases. Accountants, tax practitioners, professional advisers and bookkeepers are critical to maintaining and supporting business and individuals (i.e. taxpayers) through the COVID-19 crisis. There are significant risks to the economy, the business operating environment, and the tax and superannuation systems, if they are unable to operate.
17 Jul 2020
Chartered Accountants Australia and New Zealand, CPA Australia, Grant Thornton, Institute of Public Accountants, Law Council of Australia, Law Firms Australia, National Tax and Accountants' Association Ltd, Pitcher Partners, The Tax Institute and William Buck (together the Joint Organisations) write to you regarding the ongoing consultation concerning the revision of the Australian Taxation Office’s (ATO) guidelines on the allocation of profits in professional firms.
07 Jul 2020
The Tax Institute refers to the Board of Taxation (Board) review of the capital gains tax (CGT) rollover provisions contained in the Board’s February 2020 consultation paper (Paper). We welcome this opportunity to provide a submission.
Broadly, the Paper has been commissioned by the Assistant Treasurer to consider practical ways to simplify and rationalise Australia’s system of CGT rollovers and associated provisions that have a substantially similar practical effect but are easier to use and interpret.