A quick look at what’s been going on in Asia and the Pacific…

The Australian Taxation Office (ATO) has granted a two month lodgement and payment deferral to taxpayers impacted by the recent bushfires in New South Wales and Queensland.

Acting deputy commissioner Andrew Watson said that people affected by the fires should focus on getting their other affairs in order and not worry about their tax obligations at this time. The quarterly Business Activity Statement (BAS) which would normally have been due on 11 November or 28 November for businesses using a tax professional will now be due on 28 January...