Tag: tax

Similar or the same? New tax loss measures in place

The Treasury Laws Amendment (2017 Enterprises Incentives No. 1) Bill 2017 finally passed both houses of Parliament earlier this year (in February 2019), having first been introduced as draft legislation in March 2017.

 

The Bill introduced a new ‘similar business test’ which can be applied when working out whether an entity’s…

Individual liability limited by a scheme approved under professional standards legislation