Minerals Resource Rent Tax & Petroleum Resource Rent Tax
Improved resource tax reforms involve: •a new Minerals Resource Rent Tax (MRRT) regime applying to iron ore and coal in Australia; and •extending the current Petroleum Resource Rent Tax (PRRT) regime to all Australian onshore and offshore oil and gas projects, including the North West Shelf. This will provide certainty for oil and gas projects and ensure all oil and gas projects are treated equitably.
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Australians to Lodge 2009-2010 Tax Return by 31 October
Australians to Lodge 2009-2010 Tax Return by 31 October Tax Commissioner Michael D’Ascenzo today reminded Australia’s 12.6 million taxpayers to start getting ready to lodge their tax returns by the 31 October deadline.
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AUSTRALIAN COMPANY TAX RATE REDUCTION
A phased cut in the company tax rate to 28 per cent will assist the competitiveness of all Australian industries.
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Australians to Lodge 2009-2010 Tax Return by 31 October

by taxvacancies.com, Thursday, 8th July 2010

Tax Commissioner Michael D’Ascenzo today reminded Australia’s 12.6 million taxpayers to start getting ready to lodge their tax returns by the 31 October deadline.

“The ATO has a range of information and assistance available to help people lodge their returns correctly and on time,” Mr D’Ascenzo said.

“The quickest and easiest way to lodge is online using e-tax – the ATO’s free tax preparation and lodgement service.

“E-tax is available to download free of charge from our website at www.ato.gov.au

“As well as built-in checks, calculators and guides, you can also download information from third parties directly into your tax return, including payment summaries, government payments such as pensions and allowances, bank interest and private health insurance details.

“Government and third party information to pre-fill your return will be available to download progressively from 1 July. You can subscribe to an alert service within e-tax which will let you know when your personal information becomes available.”

For more information go to: http://www.ato.gov.au/corporate/content.asp?doc=/content/00247288.htm

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