Overview
On June 18, 2026, the Federal Government issued the General Transition Guidelines for the Tax Acts 2025 to help taxpayers, tax authorities, and other stakeholders navigate issues arising from the transition from the repealed tax framework to the new regime.
For businesses, navigating the transition requires a clear classification of transactions, accounting periods, contracts, filings, and disputes by reference to the January 1, 2026 commencement date, to determine which tax regime applies.
This insight examines the transition from the repealed tax framework to the new regime, covering the fiscal cut-off, accounting periods, transaction taxes, contracts spanning both regimes, incentives, pending disputes, and a practical compliance roadmap for businesses.
