Latest ATO News and Alerts

1. Capital gains withholding: Impacts on foreign and Australian residents

   The foreign resident capital gains withholding (FRCGW) apply to vendors disposing of certain taxable property under contracts entered into from 1 July 2016.

2. December balancers: CBC reporting lodgment deferral

   A lodgment deferral is available for significant global entities that are December balancers and have CBC reporting obligation due by 31 December 2020.

3. Proposed changes to fringe benefits tax record-keeping

   The government's proposed change to fringe benefits tax (FBT) record-keeping will allow employers to rely on existing corporate records to finalise FBT returns.

4. Tax crime prosecution case studies

   Our latest prosecution outcomes demonstrate that people who deliberately cheat the tax system will be held to account.

5. 2020 Completed matters

   The list of consultation matters registered in 2020 that have been completed or actioned through other processes.

6. Adjusting unclaimed super

   How to lodge an adjustment to correct a mistake on your unclaimed superannuation money (USM) statement with the ATO.

7. Annual office closure and systems availability

   Our offices will close from midday Thursday 24 December 2020, reopening on Monday 4 January 2021. Find key information on lodgments and systems during this period.

8. Current year performance

   We publish information about how we are performing against our commitments to service. By doing so, we honour our commitment to transparent management, accountability for results and client-centred service delivery.

9. How we deal with non-compliance

   Our main focus is encouraging SMSF trustees to comply with the super laws, but there are occasions when stronger responses are warranted.

10. Important considerations when hiring workers

    To help you get on the right track, we've outlined some useful checklists and tools.

11. JobKeeper key dates

    Key dates for the JobKeeper Payment.

12. Matters under consultation

    Matters we are consulting the community on, including their current status and purpose, who we are consulting, and when they are expected to be completed.

13. Open consultation

    You can participate in our open consultation. We encourage you to have your say.

14. Serious financial crime case studies

    As a member of the Serious Financial Crime Taskforce (SFCT), the ATO is committed to combatting serious financial crime.

15. Ancillary fund return instructions 2020

    Only ancillary funds that are not registered as a charity with the Australian Charities and Not-for-profits Commission (ACNC), should complete the Ancillary fund return 2020 (NAT 73640).