Income Tax Point-in-Time Service Updates

The Income Tax Point-in-Time Service has been updated to include the Income Tax Assessment Amendment (Kiribati Phoenix Islands Protected Area Conservation Trust) Regulations 2019 (Cth) and the new principal Financial Transaction Reports Regulations 2019 (Cth).

Income Tax Assessment Amendment (Kiribati Phoenix Islands Protected Area Conservation Trust) Regulations 2019

These regulations amend the Income Tax Assessment Regulations 1997 (Cth) to include the Kiribati Phoenix Islands Protected Area Conservation Trust as a prescribed institution to provide an income tax exemption.

Financial Transaction Reports Regulations 2019

This instrument remakes the Financial Transaction Reports Regulations 1990 (Cth), which were scheduled to sunset on 1 October 2019, in substantially the same form, with some amendments to ensure that the regulations remain up-to-date and fit for purpose.

These amendments and the new principal regulation have been updated in the Point-in-Time Income Tax Service current to 11 September 2019. (NB: subscription required).

If you are not already a subscriber to this or other Point-in-Time Services then please contact us to find out more or to take a free trial.