New Developments

August and September have certainly been interesting months in terms of tax developments. In August we have seen the introduction of the Taxation (Annual Rates for 2022-2023, Platform Economy, and Remedial Matters) Bill, which was withdrawn within 24 hours due to the largely unpopular proposal to subject services supplied by managers and investment managers to superannuation schemes and managed funds to 15% GST.

This bill has now been re-introduced with modifications.