This draft Guideline will set out the Commissioner’s proposed compliance approach to assist retirement villages that make minimal taxable supplies to determine the extent of creditable purpose for acquisitions made in constructing and operating a retirement village. The proposed compliance approach will assist to reduce complexity and the costs of compliance.
Source: ato.gov.au
Latest Posts in "Australia"
- US Tariff Overhaul Spurs Refund Rush, New Duties for Australian Exporters Amid Policy Uncertainty
- Australia Unveils Tougher Penalties for Tax Adviser Misconduct, Holding Partners Accountable
- Government Announces Additional Fuel Excise Cut and GST Windfall Return for Motorists and Businesses
- ATO Urges Businesses to Review GST Turnover, Update Reporting Methods Before July 2026
- EU-Australia Free Trade Deal Boosts Exports, Faces Criticism Over Agricultural Quotas and Protections
