What happens now to 2018 corporate tax rates if the legislation is not yet law?
Join Michael Carruthers (Tax Director, Knowledge Shop) and Lisa Armstrong (MD, Knowledge Shop), for just the juicy bits of change for accountants and advisers:
- Treasury Laws Amendment (Enterprise Tax Plan Base Rate Entities) Bill 2018 which contains the changes to the way the corporate tax rate and maximum franking rate rules will apply from the 2018 income year onwards by introducing a passive income test, is not yet law. We explore what to do now.
- A new rulings and PCG that may change the residency status of some companies - TR 2018/5 and PCG 2018/D3; and
- The case that demonstrates how hard it is to cease being a resident of Australia for tax purposes Harding v Commissioner of Taxation  FCA 837