Australia

The ATO released details on 24 August 2026 of its data‑matching program with Home Affairs passenger movements for tax compliance. Key Takeaways Data matching helps identify undisclosed income from overseas travel. The program runs from 2019‑20 to 2028‑29 with strict privacy safeguards. Disclaimer:This article is compiled and summarized based on publicly available information and is

On 24 August 2026, the ATO clarified GST obligations for religious institutions that are exempt from income tax. Key Takeaways Religious entities must register for GST if annual turnover exceeds $75,000. Exemptions apply to certain charitable activities, but proper record‑keeping is essential. Disclaimer:This article is compiled and summarized based on publicly available information and is

Updated ATO advice dated 24 August 2026 states that all Government Payments Program income must be declared in tax returns. Key Takeaways Recipients must include GPP amounts as assessable income. Failure to report may result in penalties and interest on unpaid tax. Disclaimer:This article is compiled and summarized based on publicly available information and is

On 24 August 2026, the ATO provided instructions on obtaining the 2026 RTP schedule for super funds. Key Takeaways The RTP schedule captures reportable tax positions for superannuation entities. Electronic lodgment options are available through the ATO’s online services portal. Disclaimer:This article is compiled and summarized based on publicly available information and is for general

As of 24 August 2026, the ATO opened applications for franking credit refunds for eligible entities. Key Takeaways Eligible applicants must have excess franking credits from dividends received. Refunds are processed after verification of shareholding and dividend statements. Disclaimer:This article is compiled and summarized based on publicly available information and is for general information and

On 24 August 2026, the ATO released a checklist to help NFPs prepare accurate self‑review tax returns. Key Takeaways The checklist covers income reporting, expense substantiation, and governance disclosures. Completing the checklist reduces risk of errors and potential penalties. Disclaimer:This article is compiled and summarized based on publicly available information and is for general information

On 21 August 2026, ATO Commissioner Rob Heferen delivered a speech at the CPA Tax Forum covering recent tax policy developments. Key Takeaways Emphasis on improving digital services for taxpayers. Discussion of upcoming legislative changes affecting small businesses. Disclaimer:This article is compiled and summarized based on publicly available information and is for general information and

Updated ATO guidance issued 21 August 2026 explains how SMSF establishment costs affect contribution eligibility. Key Takeaways Costs paid before fund acceptance may be treated as non‑concessional contributions. Timing of payment determines whether amounts count toward the contribution cap. Disclaimer:This article is compiled and summarized based on publicly available information and is for general information

On 21 August 2026, Deputy Commissioner Kirsten Fish discussed AI and automation’s impact on tax administration at the CPA Tax Forum. Key Takeaways Automation aims to reduce manual processing and improve compliance rates. AI tools are being piloted to detect anomalies in large data sets. Disclaimer:This article is compiled and summarized based on publicly available

The ATO published a guide on 20 August 2026 listing the five most common income tax return due dates for different client types. Key Takeaways Individuals usually lodge by 31 October unless using a tax agent. Businesses and trusts follow dates from 15 January to 30 June based on reporting frequency. Disclaimer:This article is compiled