The Australian Taxation Office issued draft guidance on its global minimum tax implementation Wednesday, even as the OECD global corporate tax deal comes under increased pressure.

The fact is, Australia is one of the lowest-taxing countries in the developed world. Australia raises very little tax revenue compared to similar countries.

Application for a certificate under the first proviso to sub-section (1A) of section 230 of the Income-tax Act, 1961 ...

Australians coughed up more than a quarter of a trillion dollars in income tax for the 2022-23 financial year, but there were dozens of millionaires who didn't pay a cent.

The prime minister and the treasurer have been lobbying Treasury Secretary Scott Bessent to drop the tax, which threatened the returns of Australian super funds.

There were 91 Australians who earned more than $1 million in total income in 2022-23, yet paid no tax – that's according to newly released data from the Australian Taxation Office.

ITR: How to spot and fix mismatch in Form 16 and Form 26AS before filing your tax return Form 16 is a certificate issued by employers that furnishes details about the TDS (Tax Deducted At Source).

Millions of Aussie small businesses are being warned to pay their tax bills on time or they will be slugged with a fee, compounding daily.

The ITR1 form, more commonly known as Sahaj, holds significance widely utilized across India, this form of ITR-1 for salaried employees is one of the most prevalent. As a straightforward avenue for ...

ITR-2, ITR-3 utilities on hold: THESE taxpayers can’t file returns yet – Are you one of them? Before you start filing ITR, check which form suits your income type.

This basic exemption limit has been increased to Rs 4 lakh under the new income tax regime in the current financial year 2025-26 - for which you will file your ITR next year.