IGTO report on ATO handling of objections
The result of a recent review into the ATO’s handling of objections by taxpayers has been released by the Inspector-General of Taxation and Taxation Ombudsman (IGTO). While this initial review merely analysed ATO’s data in order to report the information publicly with no in-depth investigations, the issues identified will form the basis of Phase 2 …
Electric cars to be exempt from FBT
An employee’s private use of an electric car provided by an employer may soon be exempt from FBT if the newly introduced legislation receives Assent. This measure was a part of a suite of energy policies taken to the election by the Labor party, which its hoped will increase the uptake of electric cars. To …