COMMISSIONER OF TAXATION
The Commissioner of Taxation, Chris Jordan, gives notice of the following Rulings, copies of which can be obtained from Branches of the Australian Taxation Office or at http://law.ato.gov.au.
NOTICE OF RULINGS | ||
Ruling Number | Subject | Brief Description |
TD 2016/1 | Fringe benefits tax: for the purposes of section 28 of the Fringe Benefits Tax Assessment Act 1986 what are the indexation factors for valuing non remote housing for the fringe benefits tax year commencing on 1 April 2016? | The Determination sets out the Commissioner’s position for the indexation factors for valuing non-remote housing for the FBT year commencing 1 April 2016. The Determination applies to the FBT year commencing 1 April 2016. |
TD 2016/2 | Fringe benefits tax: for the purposes of section 135C of the Fringe Benefits Tax Assessment Act 1986, what is the exemption threshold for the fringe benefits tax year commencing on 1 April 2016? | The Determination sets out the Commissioner’s position for the exemption threshold for the FBT year commencing 1 April 2016. The Determination applies to the FBT year commencing 1 April 2016. |
TD 2016/3 | Fringe benefits tax: what are the rates to be applied on a cents per kilometre basis for calculating the taxable value of a fringe benefit arising from the private use of a motor vehicle other than a car for the fringe benefits tax year commencing on 1 April 2016? | The Determination sets out the Commissioner’s position for the rates to be used on a cents per kilometre basis for the FBT year commencing 1 April 2016. The Determination applies to the FBT year commencing 1 April 2016. |
TD 2016/4 | Fringe benefits tax: reasonable amounts under section 31G of the Fringe Benefits Tax Assessment Act 1986 for food and drink expenses incurred by employees receiving a living-away-from-home allowance fringe benefit for the fringe benefits tax year commencing on 1 April 2016 | The Determination sets out the Commissioner’s position for reasonable amounts for food and drink expenses for the FBT year commencing 1 April 2016. The Determination applies to the FBT year commencing 1 April 2016. |
TD 2016/5 | Fringe benefits tax: what is the benchmark interest rate to be used for the fringe benefits tax year commencing on 1 April 2016? | The Determination sets out the Commissioner’s position for the benchmark interest rate for the FBT year commencing 1 April 2016. The Determination applies to the FBT year commencing 1 April 2016. |
CR 2016/18 | Fringe benefits tax: employer clients of Community CPS Australia Limited trading as Beyond Bank Australia who are subject to the provisions of either section 57A or section 65J of the Fringe Benefits Tax Assessment Act 1986 and make use of the Salary Packaging Card facility | The Ruling sets out the Commissioners position for employers who enter into the arrangement specified within the Ruling. The Ruling applies from 1 June 2015. |
CR 2016/19 | Income tax: liquidation - Great Southern Plantation and Gunns Plantations Limited Woodlot Schemes | The Ruling sets out the Commissioners position for those entities identified within the Ruling. The Ruling applies as specified within paragraph 7 of the Ruling. |
CR 2016/20 | Income tax: Commonwealth Bank of Australia – CommBank PERLS VIII Capital Notes | The Ruling sets out the Commissioners position for investors who acquired CommBank PERLS VIII Capital Notes issued by the Commonwealth Bank of Australia and who participate in the scheme described within the Ruling. The Ruling applies from 1 March 2016 to 30 June 2024. |
NOTICE OF ADDENDUM | ||
Ruling Number | Subject | Brief Description |
CR 2013/14 | Goods and services tax: goods and services supplied by dentists | The Addendum amends CR 2013/14 to update the list of goods and services in Attachment A. The Addendum applies on and from 1 April 2016. |