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28 Jun 13 ATPF Director Penalty and PAYG Withholding Non-Compliance Tax Working Group

On Thursday 27 June 2013, Tax Counsel Stephanie Caredes CTA attended the final meeting of the ATPF Director Penalty and PAYG Withholding Non-Compliance Tax Working Group (Working Group). The Working Group was formed for the purpose of considering administration issues in relation to the new director penalty notice measures and the PAYG withholding non-compliance tax measures.   Below is a summary of the main issues discussed:

  • Members discussed various issues in relation to draft documentation to be issued by the ATO to assist company directors and their associates to understand their obligations under the director penalty and PAYGW non-compliance tax measures;
  • The dissolution of the Working Group subject to some draft documentation which members are to provide feedback on, after which members agreed the business of the Working Group would be complete.

Members who seek further information in relation to any of the above should contact us at Tax Policy.