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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.

Consultations

  •  - Open17 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 […]

  •  - ClosedConsultation 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 […]

  •  - ClosedExposure 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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