Utma Tax Rules 2025. Gifts exceeding the $18,000 annual exclusion amount must be reported on a federal gift tax return. An income inclusion rule (iir), under taxed profits.
Discover australia’s new pillar two rules, aligning with the oecd’s global initiative for a 15% minimum tax rate on large multinational enterprises. The oecd’s 15% minimum tax rules will apply in australia for tax years commencing on or after 1 january 2024.