Tax bonus payment options
The Tax Office has released detailed instructions for tax practitioners on how to advise the Tax Office of their clients’ preferred option for receiving the tax bonus via the tax agent portal secure mail facility.
One-off bonuses
The two Bills implementing the one-off bonuses announced in the Nation Building and Jobs Plan are awaiting enactment: Tax Bonus for Working Australians Bill (No. 2) 2009, Household Stimulus Package Bill (No. 2) 2009
Tax agents, tax bonus & lodgement deferrals
The Tax Office says that legislation to support the tax bonus payments is due to receive Royal Assent soon. The Commissioner has announced that, after passage of the legislation, but prior to Royal Assent, he will defer certain lodgments to assist with unexpected misfortune and tax agent workloads.
Tax Bonus Bills introduced
The Government has announced changes to the temporary investment allowance, which was announced in December 2008.
Goods taken for private use
The Tax Office has released the amounts which it will accept as estimates of the value of goods taken from trading stock for private use for the 2008/09 income year by taxpayers in certain specified industries.
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