Here is the latest ATO Updates as of July 25, 2018
• International transfer pricing — introduction to concepts and risk assessment — Explains the basic concepts underlying international transfer pricing and when a business may face a transfer pricing review or audit.
• Draft ruling published on fringe benefits tax and benefits provided to religious practitioners — The ATO recently published Draft Taxation Ruling TR 2018/D2. In this ruling the ATO explains when the benefits that registered religious institutions provide to religious practitioners are exempt from Fringe Benefits Tax (FBT).
• Draft ruling published on “in Australia” condition — The ATO recently published Draft Taxation Ruling TR 2018/D1 about the “in Australia” requirement for certain deductible gift recipients (DGR) and income tax exempt entities. The draft ruling outlines the “in Australia” requirement for certain deductible gift recipients and income tax exempt entities.