Tax update 📣 The ATO is scheduled to issue the following this week:
🗓 23 Feb 2022
🔸 Draft Practical compliance guideline — PCG 2022/D1 Section 100A reimbursement agreements - ATO compliance approach
🔸 Taxpayer Alert — TA 2022/1 Parents benefitting from the trust entitlements of their children over 18 years of age.
🔸 Draft Taxation Determination — TD 2022/D1 Income tax: Division 7A: when will an unpaid present entitlement or amount held on sub-trust become the provision of 'financial accommodation'?
🔸 Draft Taxation Determination — TD 2022/D2 Income tax: deductibility of expenses incurred in establishing and administering an 'employee share scheme'
🗓 25 Feb 2022
🔹 Draft Taxation Ruling — TR 2022/D1 Income tax: section 100A reimbursement agreements. This draft Ruling provides the Commissioner's view about what is a reimbursement agreement for the purpose of section 100A of the Income Tax Assessment Act 1936.
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