Australia: Tax Authorities

The Australian Government has released draft legislation proposing significant and retrospective changes to foreign resident capital gains tax rules, dramatically expanding what constitutes taxable Australian real property. These changes will apply to past transactions dating back to 2006, existing investments, and future deals, with only limited transitional relief for renewable energy assets until 2030.

An Australian accounting business wanted to generate more opportunities and smooth out its monthly revenue. Here is their analysis and the actions they’ll take, which could be of value to many firms.

31 March 2026 signifies a key date for employers as the end of the 2026 Fringe Benefits Tax (FBT) year. FBT is an employer-paid tax which arises when the employer provides their employee with benefits...

The Victorian State Revenue Office (SRO) has recently released Draft Ruling DA-070 (Draft Ruling) which proposes to alter the way that consideration is calculated for the purposes...

In this case, in the ATO's view, the taxpayer sought to negate the consequences of a settlement of the group's tax audit by restructuring and obtaining a refund of franking credits derived on paying the settlement amount.

In this episode of the Herbert Smith Freehills Kramer Tax Bites podcast, Isaac Morgan, Mark Peters and Toby Eggleston discuss the recent Australian High Court decision in G Global against the Commissioner of State Revenue.

On 28 August 2025, Hmelnitsky J of the Supreme Court of NSW delivered judgment in Big Ben Holdings Pty Limited v Chief Commissioner of State Revenue [2025] NSWSC 984.

The High Court of Australia has delivered its eagerly awaited decision in Commissioner of Taxation v PepsiCo Inc [2025] HCA 30, dismissing the Australian Commissioner of Taxation's...

Update on key developments in taxation law for accountants and participants in the tax advice industry for mid-August.