Tax Information Bulletin October 2025

New legislation

• SL 2025/151: Income Tax (Fringe Benefit Tax, Interest on Loans) Amendment Regulations (No 2) 2025
• SL 2025/150: Income Tax (Deemed Rate of Return on Attributing Interests in Foreign Investment Funds, 2024–25 Income Year) Order 2025

Ruling

• BR Prd 25/04: PPS Mutual Limited

Operational position

• OP 25/02: Commissioner’s operational position on the FBT treatment of open loop cards provided by employers to employees

Interpretation statements

• IS 25/19: Income Tax – Whether an off-market share cancellation is made in lieu of the payment of a dividend
• IS 25/20: Student Loans – Overseas borrowers and their obligations

General article

• GA 25/01: Tax on any fees paid to a member of a board, committee, panel, review group or task force

Technical decision summaries

• TDS 25/21: Omitted income and shortfall penalty
• TDS 25/22: GST – supply of accommodation