August 2017
MLCo • July 31, 2017
ATO Crackdown on Work Related Expenses
The Australian Taxation Office is increasing attention, scrutiny and education on work-related expenses (WREs) .
In addition:
- NEW GST Changes
- GST applies to services or digital products bough from overseas commencing from 1 July 2017.
- Parliament has passed legislation which applies
- GST to goods costing $1,000 or less supplied
- from offshore to Australian consumers from 1
- July 2018 .
- New threshold for capital gains withholding when selling Australian real property.
- Announcement of Car depreciation limit for 2017/18 to $57,581 (same as 2016/17).
- Changes to Div.7A benchmark interest rate to 5.30% (down from 5.40% for 2016/17).
