Tax Insights | February 2022 edition

February 2022 edition

The latest tax updates for you and your business

Keep up to date with the latest Australian and International tax news from our market-leading experts.

THE TAX LIBRARY

PATENT BOX TAX CONCESSIONS EXPLAINED

The Federal Government has recently published a Bill which introduces the proposed Australian Patent Box Regime announced in the 2021 Federal Budget. Learn more about it now.

ATO'S TAILORED APPROACH TO FUTURE ENGAGEMENT WITH TOP 100 TAXPAYERS

The Australian Taxation Office recently published the Top 100 GST program: Future GST engagement after initial GST assurance review. This seeks to provide guidance on what Top 100 taxpayers can expect from the ATO in relation to its future engagement approach as part of the existing Top 100 GST assurance program.

R&d TAX INCENTIVE UPDATE

Over the course of another dynamic year, we have seen a number of developments related to the Research and Development Tax Incentive (R&DTI) including the commencement of the new R&D Tax offset rates from 1 July 2021 and the finalisation of the Temporary Full Expensing measures.

SHOULD I DEVELOP PROPERTY AS A PARTNERSHIP OR A JOINT VENTURE?

Around 60% of Australians invest in property – many with the goal of developing the property to make a profit. Due to the costs involved, it’s common for multiple parties to combine resources for a development project. In this article, Sam answers an important question- should you develop property as a partnership or joint venture?

For more information
If you require any further information on any of the above articles or have any queries, please contact your local RSM adviser today.