Sky Business News – New Tax Laws to Reduce Compliance Costs for SMES

 

Australian private businesses with overseas operations are expected to significantly benefit from reduced compliance costs when two pieces of new tax legislation are passed in Parliament.

From 1 July 2014 smaller taxpayers, many of whom are Australian private businesses, won’t have to apply the thin capitalisation rules and will benefit from amended exempt dividend rules.

Greg Travers joined Sky Business News to discuss the issues.