Tax Alert – August 2018

All of the latest tax news, views and clues for August 2018. This Alert addresses:

  • Government launches new service to simplify business registrations
  • Illegal early access to super: ATO warning about scammers
  • ATO gives small businesses the chance to seek independent review of ATO audit position
  • Transacting with cryptocurrency: updated ATO info
  • ATO warns about scammers at tax time
  • Income tax residency rules for individuals: Board of Taxation recommends reform measures
  • Illegal phoenix activity costs billions; new Phoenix Hotline
  • Super funds deliver healthy returns for 2017–2018,
  • GST exemption for offshore sellers of hotel bookings to be removed: draft legislation released, and;
  • Tax gap for individuals is $8.8 billion, says ATO.