Australia

The ATO has published a detailed comparison of the two methods for calculating depreciation deductions under the general depreciation rules: prime cost (straight line) and diminishing value. The guidance, updated for the 2026–27 income year, includes formulas, effective life tables, and examples for each method. Taxpayers choose the method per asset, and the choice is

With the third month of the Payday Super regime underway (effective 1 July 2026), the ATO has published a myth-busting guide addressing common misconceptions among employers and payroll providers. Payday Super requires employers to pay superannuation guarantee contributions at the same time as salary and wages, rather than quarterly. The guide clarifies obligations for contractors,

The ATO has published an overview of the simplified depreciation rules for small business entities for the 2026–27 income year. The rules, available to entities with aggregated turnover less than $10 million, include the instant asset write-off ($20,000 threshold) and the small business pool (30% diminishing value). The guide also covers the interaction with temporary

The ATO has updated its guidance on superannuation guarantee obligations for employers engaging sportspeople, performers, musicians, film makers, and related activities. The guidance, effective for payments made on or after 1 July 2026, clarifies when these workers are considered employees for super purposes under the extended definition in the Superannuation Guarantee (Administration) Act 1992. It

The ATO has clarified the interaction between Temporary Full Expensing (TFE) and the simplified depreciation rules for small business entities. As TFE ended on 30 June 2026, the guidance addresses the treatment of assets acquired or first used during the TFE period (7:30pm AEDT 6 October 2020 to 30 June 2026) by small businesses using

The ATO has issued guidance for foreign investors registering interests in Australian agricultural land. The guidance, effective for acquisitions after 1 July 2026, requires registration within 30 days for freehold and leasehold (term >5 years) interests in land used for primary production. The registration captures land use, area, water entitlements, and the foreign investor’s beneficial

The Australian Taxation Office (ATO) has published updated guidance on applying for a Substituted Accounting Period (SAP), which allows entities to use a financial year ending on a date other than 30 June. This guidance is effective for the 2026–27 income year and outlines the eligibility criteria, application process via the ATO’s online services, and

The ATO has issued a specific privacy notice detailing how personal and organisational information collected during Substituted Accounting Period (SAP) applications is handled. The notice, effective from 27 August 2026, references the Privacy Act 1988 and the Taxation Administration Act 1953, outlining the purposes of collection, disclosure permissions to other government agencies, and the applicant’s

The ATO has published updated guidance for foreign persons registering ownership of Australian residential land under the Register of Foreign Ownership of Australian Assets. The guidance, effective for acquisitions after 1 July 2026, details the registration timeline (within 30 days of the event), the information required (including FIRB approval numbers, property details, and beneficial ownership),

The ATO has released specific guidance for foreign investors registering interests in Australian mining, production, or exploration tenements. The guidance clarifies that registration is required for any legal or equitable interest in a tenement granted under Australian mining legislation, including exploration licences, mining leases, and retention leases. The registration must occur within 30 days of