2009 Tax Updates
October 2009
West Australian payroll tax rebate and land tax relief measures
A detailed explanation of tax relief measures arising from 2009-10 Budget, including caps, extensions and concessions for land tax and a one-off payroll tax rebate to employers who pay Australia-wide wages of up to $3.2 million.
September 2009
Proposed Division 7A amendments
New measures to alleviate some of the concerns raised from the initial discussion paper where the focus was to capture the private use of private company assets by shareholders or associates of those private companies.
Introduction of the new R&D tax incentive
Proposed replacement of the existing Research & Development (R&D) tax concession program and introduction of an R&D tax credit system
Tax liabilities for discretionary trusts and corporate beneficiaries
Treatment of certain unpaid present entitlements (between discretionary trusts and corporate beneficiaries) as loans which would trigger the application of the Division 7A deemed dividend provisions
Changes to Employee Share Schemes
New rules which will apply to all employee share scheme interests
Important changes to the calculation of the Superannuation Guarantee Charge.
Details on the investment allowance and explanation of items which are not eligible for the tax deduction
Federal Government's proposed investment allowance