Weekly Tax Highlights to 22 October 2021

Weekly Tax Highlights to 22 October 2021

ATO Documents
Class Ruling
CR 2021/70 Milton Corporation Ltd – scheme of association, closing dividend and particular dividend
Decision Impact Statement
DIS 2020/3713-3714 WYPF and Commissioner of Taxation
Law Companion Ruling – Addendum
LCR 2019/5A1 Base fee entities and base fee entity passive revenue
Other information
Senate committee releases report on Australia as a expertise and monetary centre
On 20 October 2021, the Senate Select Committee on Australia as a Technology and Financial (*22*) launched its closing report which incorporates plenty of tax-related suggestions, together with to make clear the capital positive factors tax (CGT) guidelines for cryptocurrency and digital belongings, to introduce a tax concession for renewable vitality digital asset miners, and to set up a Global Markets Incentive (GMI) regime to exchange the Offshore Banking Unit (OBU) regime by the tip of 2022.
Progress of Legislation

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