Taxation

It is the role of the Treasury to provide advice on effective tax and retirement income arrangements that contribute to the overall fiscal outcome, influence strong sustainable economic growth for the good of the Australian people. The Treasury is responsible for assessing and advising on the general design of the tax system and its components, and retirement income policy, in relation to economic efficiency, equity, income distribution, budgetary requirements and economic feasibility.

• National Innovation and Science Agenda
• Parliamentary progress of Tax Bills
• Programs and initiatives – Taxation
• Tax evasion and multinational tax avoidance
• Tax Treaties
• Thin capitalisation

Consultations

• GST on Offshore Hotel Bookings20 July 2018 - 9 August 2018Open17 days left to have your sayDraft Legislation

  The draft legislation will extend the GST by ensuring that offshore sellers of hotel accommodation in Australia calculate their GST turnover in the same way as local sellers from 1 July 2019. Currently, unlike GST-registered businesses in Australia, offshore sellers of Australian hotel accommodation are exempt from including sales of hotel accommodation in their GST […]

• Stapled structures – Integrity conditions for transitional rules and infrastructure concession28 June 2018 - 12 July 2018ClosedConsultation Paper

  On 27 March 2018, the Government announced a package of measures to address risks to the corporate tax base posed by stapled structures and similar arrangements and limit access to concessions currently available to foreign investors for passive income. The attached paper outlines the proposed conditions stapled entities must comply with to access the infrastructure […]

• Attribution Managed Investment Trusts (AMIT) – Technical Amendments18 June 2018 - 16 July 2018ClosedExposure Draft

  The Government is seeking submissions on the draft AMIT Technical Amendments Bill and explanatory materials. The draft Bill proposes a package of technical amendments to ensure that the new tax system for MITs operates as intended. These amendments were foreshadowed in July 2017 by the Minister for Revenue and Financial Services. Background The new tax […]

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Publications

• Australian Government response to the Black Economy Taskforce Final Report
• Does payroll tax affect firm behaviour?
• Tax treatment of stapled structures

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Reviews & inquiries

• Review of Australian Charities and Not-for-profits Commission (ACNC) legislation
• Black Economy Taskforce
• Review of the Petroleum Resource Rent Tax

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Websites

• Taxation of Financial Arrangements
• Board of Taxation
• Inspector-General of Taxation

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