Tax Alert – August 2019

All of the latest tax news, views and clues for August 2019. This Alert addresses:

  • Pension deeming rates cut from 1 July 2019
  • Personal tax cuts Bill passed without amendment
  • ATO statement on administration of the low and middle income tax offset (LMITO)
  • STP reporting irregularities: ATO contacting businesses
  • ATO employees guide for work expenses
  • ATO clarifies FBT, taxi travel and ride sourcing
  • New ATO data-matching program – overseas movement data and HELP debt targeted
  • GST on low value goods – “very successful initiative”, says ATO
  • Super downsizer contributions reach $1 billion, and;
  • Reasonable travel and overtime meal allowance amounts for 2019-20