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  • 20 Oct 2021

PERSONAL INCOME TAX UPDATE

<table class="" style="border: 0px; font-variant-numeric: inherit; font-variant-east-asian: inherit; font-stretch: inherit; font-size: 17.3333px; line-height: inherit; font-family: 'Open Sans', Arial, sans-serif; vertical-align: baseline; margin: 0px; padding: 0px; border-spacing: 0px; width: 796.188px; color: #25458d; background-color: #ffffff;"> <tbody style="border: 0px; font: inherit; vertical-align: baseline; margin: 0px; padding: 0px;"> <tr style="border: 0px; font: inherit; vertical-align: baseline; margin: 0px; padding: 0px;"> <td style="border: 0px; font: inherit; vertical-align: baseline; margin: 0px; padding: 5px;"><img class="wp-image-1271" style="border: 0px; font: inherit; vertical-align: baseline; margin: 0px; padding: 0px; max-width: 100%; height: auto; width: 150px;" src="http://www.epicpm.com.au/wp-content/uploads/2018/05/finanical-strategy-picture3.jpg" sizes="(max-width: 591px) 100vw, 591px" srcset="http://www.epicpm.com.au/wp-content/uploads/2018/05/finanical-strategy-picture3.jpg 591w, http://www.epicpm.com.au/wp-content/uploads/2018/05/finanical-strategy-picture3-300x215.jpg 300w" alt="" width="591" height="424" loading="lazy" />&nbsp;The ATO is consulting with the community on a range of matters affecting Individuals including:&nbsp;<br style="display: inline-block; width: 786.188px; content: &quot;&quot;;" />&nbsp;&ndash; [202002] Structured arrangements and luxury car tax&nbsp;<br style="display: inline-block; width: 786.188px; content: &quot;&quot;;" />&nbsp;&ndash; [201939] &lsquo;Term of the lease&rsquo; meaning in Taxation Determination 93/142&nbsp;<br style="display: inline-block; width: 786.188px; content: &quot;&quot;;" />&nbsp;&ndash; [201938] Individuals&rsquo; tax return preparation and lodgment&nbsp;<br style="display: inline-block; width: 786.188px; content: &quot;&quot;;" />&nbsp;&ndash; [201937] Director Identification Number&nbsp;<br style="display: inline-block; width: 786.188px; content: &quot;&quot;;" />&ndash; [201935] Reimbursement agreements &ndash; scope and ordinary family and<br style="display: inline-block; width: 786.188px; content: &quot;&quot;;" />commercial dealing exceptions&nbsp;<br style="display: inline-block; width: 786.188px; content: &quot;&quot;;" />&nbsp;&ndash; [201931] Strengthening the ABN system&nbsp;<br style="display: inline-block; width: 786.188px; content: &quot;&quot;;" />&nbsp;<br style="display: inline-block; width: 786.188px; content: &quot;&quot;;" /><span style="border: 0px; font-style: inherit; font-variant: inherit; font-weight: bold; font-stretch: inherit; font-size: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline; margin: 0px; padding: 0px;">Clic<a style="border: 0px; font: inherit; vertical-align: baseline; margin: 0px; padding: 0px; color: #25458d; outline: 0px; transition: all 0.3s ease 0s; text-decoration-line: none !important; box-shadow: none !important;" href="https://www.ato.gov.au/General/Consultation/In-detail/Matters/Matters-under-consultation/?utm_source=The+Tax+Institute+Members+-++TaxVine&amp;utm_campaign=06af8b643c-Taxvine151217_COPY_01&amp;utm_medium=email&amp;utm_term=0_d13c4c9225-06af8b643c-98133037">k here to read more.</a></span></td> </tr> </tbody> </table>