but they can face big penalties for failing to file a US tax return each year. Dear Ms Wise, I hold dual US and Australian citizenship as my father is American. I was born and raised in Australia ...

The Income Tax Department ... has notified seven ITR forms this year too. In this write-up, we will discuss ITR Form 1, also known as ‘Sahaj’ and understand who can file this form and who ...

Entities must file ITR-5 electronically and comply with disclosure norms laid down by the Income Tax Department. The ITR-5 form can be used by a variety of non-individual entities, including ...

It’s a great shame that the Coalition failed to mount a serious challenge to Labor’s super tax proposal during ... Treasurer Jim Chalmers told The Australian Financial Review’s ...

Xero released research revealing many Australians are heading into this end of financial year period concerned and confused ...

Daily Mail Australia looks at what can and can't be claimed as a tax deduction. No receipts under $300 Australians doing their tax return for 2024-25 don't need receipts if all their work-related ...

As income tax return (ITR) filing season is here, taxpayers will start filing their returns as soon as the excel utility is released. The tax department has already notified various tax forms ...

Australia needs to create a “more friendly” tax environment to allow the start-up economy to thrive and attract more workers to the tech sector, Xero CEO Sukhinder Singh Cassidy says.

And they do contribute substantially to public coffers: in 2021–22, according to the Australian Tax Office, BHP and Rio Tinto alone paid nearly a quarter of all corporate income tax in Australia ...

The proposed tax, which will be applied to SMSFs with more than $3m in assets, has spread alarm in rural Australia where escalating property prices have lifted the book valuation of farms.

Investors use this form to help them report their annual taxable interest income when filing tax returns. Since tax rules for bond investors can vary depending on whether you invested in ...

The tax is set to replace the Fire Services Levy and would leave many of the state’s agricultural producers, who are also volunteer firefighters, footing the bill. Dozens of fire trucks were ...