Tax
We provide strategic advice on Australian tax law, helping clients navigate complex regulations with clarity and confidence. Our team ensures compliance while optimising tax outcomes for individuals and businesses.
Australian Commonwealth (Cth) tax law consists of several core acts, primarily the Income Tax Assessment Acts of 1936 and 1997, along with the Taxation Administration Act 1953, which manage income tax, deductions, and administration. These acts cover capital gains, GST, and tax penalties.
Key Australian Commonwealth Tax Acts:
Income Tax Assessment Act 1997 (ITAA 1997): Contains modern rules for income tax, capital gains tax (CGT), and deductions.
Income Tax Assessment Act 1936 (ITAA 1936): Older legislation still in force, covering various complex tax matters.
Taxation Administration Act 1953: Provides the procedural and administrative framework for collecting tax, handling penalties, and managing disputes
A New Tax System (Goods and Services Tax) Act 1999: Governs the administration of GST.
Income Tax Rates Act 1986: Sets the rates of tax for individuals and companies.
International Tax Agreements Act 1953: Covers double taxation agreements with other countries.