Preparing for AML/CTF Reforms: Why Early Action Matters

Australia is stepping up its fight against financial crime with sweeping changes to its Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) laws, and the impact on professional service providers will be significant. From 1 July 2026, a wider group of businesses — including accountants, real estate professionals, legal advisers, and trust or company service providers — […]

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ATO Pillar Two Draft Rules: Key Steps for Multinationals

The Australian Taxation Office (ATO) has released a crucial draft Practical Compliance Guideline, PCG 2025/D3, that outlines how it will manage lodgment obligations, penalties, and private rulings under Australia’s new Minimum Tax (Pillar Two) regime. Based on the OECD’s GloBE (Global Anti-Base Erosion) rules, this framework targets large multinational enterprise (MNE) groups with a global

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CBA Tax Reform Push: Income Tax, GST and Super

As Treasurer Jim Chalmers prepares for a major economic reform roundtable in August, the Commonwealth Bank of Australia (CBA) has weighed in with a strong call for bold tax reform—one that prioritizes productivity over politics. In its submission to the Productivity Commission, CBA urged the government to: Corporate tax cuts? Not a priority. In a

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Key Superannuation Rates & Thresholds for 2025–26

Your essential guide to making the most of tax-effective retirement savings Superannuation continues to be one of the most tax-effective ways to save for retirement—but the rules can be complex. For the 2025–26 financial year, several thresholds and caps have changed, and it’s more important than ever to ensure your contributions strategy is aligned with

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IDS 2025: International Dealings Schedule Guide

Multinational groups, corporate taxpayers, and foreign investors—are you ready for the ATO’s sweeping new tax return requirements? With Tax Time 2025 on the horizon, the Australian Taxation Office (ATO) has unveiled its updated income tax return forms, schedules, and instructions, introducing significant new disclosure requirements under the reformed thin capitalisation regime and newly introduced debt

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New ATO Rules for Country-by-Country Reporting Explained

As Australia tightens its tax transparency rules, large multinational groups—especially those headquartered outside Australia—are now facing significant new reporting obligations. The Australian Taxation Office (ATO) has just released its updated guidance on Public Country-by-Country (CBC) Reporting, and it carries major implications for Chinese parent companies with operations or subsidiaries in Australia. This move is part

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How US Tariffs Impact Chinese-Australian Businesses

In an increasingly volatile global economy, the latest wave of US tariff hikes and trade restrictions has sent ripples across international supply chains. For many Chinese business owners and import-export operators in Australia, the question is not just “what’s happening?”—but more importantly, “how do we adapt and grow amid uncertainty?” Over the past few weeks,

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2024–25 EOFY Tax Wrap-Up: What to Prepare Before 30 June

As the 2024–25 financial year draws to a close, it’s more important than ever for business owners, trustees, and investors to ensure their tax affairs are in order. This year, several areas have attracted greater attention from the ATO, including family trusts, Division 7A loans, franking credits, and superannuation contributions. Here’s a summary of what

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ATO Disputes Hall Case Ruling on Home Office and Car Claims

The Australian Taxation Office (ATO) has issued an Interim Decision Impact Statement on the recent case of Hall and Commissioner of Taxation [2025] ARTA 600—a decision that could reshape how certain tax deductions are claimed in Australia. This case revolves around whether a taxpayer can claim deductions for home occupancy expenses and car expenses under

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ATO Tightens Work-Related Deduction Rules: Hall Case Impact

A recent case, Hall and FCT [2025] ARTA 600, is making waves in the Australian tax community—and it could have big implications for employees who claim home office or car expenses in their tax return. The AAT (Administrative Appeals Tribunal) found that the taxpayer in this case was entitled to claim occupancy and car expenses,

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