All in the spirit of Christmas

The Australian Taxation Office yesterday announced that it “is reminding businesses that while staff Christmas parties can attract fringe benefits tax (FBT) there may be exemptions available depending on the venue and cost per employee.” The two main exemptions to FBT that could apply to Christmas parties [...]

ATO compliance program focuses on assistance

Supporting people during the economic downturn is one of the two top priorities for the Tax Office in the year ahead, Tax Commissioner Michael D’Ascenzo announced this week.

In releasing its Compliance program 2009-10, Mr D’Ascenzo said the Tax Office will continue its strong program of help and assistance for businesses and individuals facing genuine hardship during the economic downturn.

“People can struggle with their tax and superannuation obligations in times of uncertainty,” he said.

“To help businesses through these tough times we are providing a range of practical support measures to keep them engaged with the tax system including help to pay existing tax debts without interest.

“When many in the business community are doing it tough, it is even more important that the system is seen as fair and equitable.

“Our work to make sure people meet their obligations ensures there is no unfair advantage for those who don’t.”

Tax bonus payments begin to issue next week

The Australian Taxation Office today announced that 7.4 million people who have already lodged their 2007-08 tax return will begin receiving their tax bonus payments starting next week. The announcement was made following the High court’s decision on the legality of the tax bonus payments.

Tax bonus payment starts soon

If you have not lodged your 200-07 tax return yet, you better do it soon. The tax bonus payment of up to $900 will start from early next April 2009 and are tax free. If you have already lodged your 2007-08 tax return the Tax Office will automatically calculate your eligibility and entitlements [...]

Tips for claiming donations to emergency relief funds

The Tax Office yesterday announced a practical approach to ensure those donating to help the victims of the Victorian bushfires and Northern Queensland floods can do so with minimum fuss. Tax Commissioner Michael D’Ascenzo said the Tax Office will take the same administrative approach it used for the large number of donations made after the 2004 Boxing Day Tsunami [...]

Beware of tax refund email scam

The Tax Office is warning people about a fraudulent email being circulated that claims to offer a refund from the Tax Office. The Tax Office said yesterday that the email is similar to previous scams and uses the Tax Office logo and the words ‘Notification – Please read’ [...]