TIB - April 2020

New legislation

• Taxation (Use of Money Interest Rates Setting Process) Amendment Regulations 2020
• Tax Administration (Direct Credit of Refunds of Excess Financial Support and Student Loan Payments) Order 2020

Legislation and determinations

2020 International Tax Disclosure Exemption ITR31

Interpretation statement

IS 20/01: Income tax – treatment of the receipt of lump sum settlement payments

Standard practice statement

SPS 20/02: Loss offset elections between group companies

Legal decisions – case impact statement

Court of Appeal decides forgiveness of debt can be a charitable gift qualifying a taxpayer for donation tax credit