News

PERSONAL TAXATION No change to personal tax rates; Budget deficit levy to end The 2017–2018 Federal Budget contained no changes to the personal income tax rates and thresholds. This means that the 2% budget deficit levy on incomes over $180,000 will not be extended beyond its initial...

Currently, an individual can claim a tax offset up to a maximum of $540 for contributions they make to their spouse’s eligible superannuation fund if, among other things, the total of the spouse’s assessable income, total reportable fringe benefits and reportable employer super contributions is...

The Administrative Appeals Tribunal (AAT) has affirmed the ATO’s decision that income a taxpayer earned working overseas in the United States Army and in Afghanistan is not exempt from Australian income tax under s 23AF of the Income Tax Assessment Act 1936 (ITAA 1936). The taxpayer...

Not surprisingly, the ATO has moved quickly to state its views on the implications of the recent Federal Court decision regarding Uber. The Court held that the UberX service supplied by the ride-sharing network’s drivers constitutes the supply of “taxi travel” within the meaning of...