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

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Open
We invite feedback on the Taxation Administration (Community Charity) Guidelines 2024 exposure draft. The guidelines apply to deductible gift recipients (DGRs) under the community charity categories…
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Open
The Australian Government has released a consultation paper reviewing the tax promoter penalty laws. It outlines: the purpose, administration and operation of the tax promoter penalty laws emerging…
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Open
The government welcomes feedback on these draft amendments that: correct technical or drafting defects remove anomalies address unintended outcomes. This is part of the regulatory stewardship of…