World Business News

A round up of the latest news for those doing business internationally

Australia confirms tax changes to cut red tape

Zone(s): Australia ¦ Sector(s): Taxation
[25 June 2014, Tax.News.com]  By Mary Swire, Tax-News.com, Hong Kong:  The Australian Government has said that it will reduce taxpayers’ compliance costs by about AUD56m (USD52.7m) a year by making changes to the way tax obligations are met and reported. The proposed administrative reforms to pay-as-you-go (PAYG) installment thresholds are expected to benefit an estimated 372,500 small businesses.

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