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Tax Residency: Working Overseas In A Low Tax Country? Get The Right Advice & Avoid Large Tax Debts
Are you working overseas in a low tax jurisdiction and paying little or no tax? If so, you might be liable to pay tax in Australia.
Your tax position all depends on your classification as an ‘Australian Resident’ for tax purposes. To substantiate this, the Income Tax Assessment Act 1936 (subsection 6(1)) and Taxation Ruling TR 98/17 are relevant. Outside of this, there is other tax legislation, rulings and case law which are continually changing the scope of an
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Uncategorized
GST credit refund fraud: Tax prosecution by Commonwealth Director of Prosecutions CDPP
GST credit refund fraud is a serious crime. If the ATO believes that you have illegally obtained, or applied for, a GST refund they may refer your […][…]
Tax Advice
Fringe Benefits Tax (FBT) Exemptions
If your business engages employees then you probably know that any extra benefit you make or pay to an employee is treated as a fringe benefit […][…]
Tax Residency
Australian Residency Tax Traps: Permanent Place of Abode
In order to be treated as a non-resident of Australia and thus not taxed as an Australian resident you must satisfy a number of tax residency […][…]
Tax Planning
CGT event K3- Estate planning traps
In Australia, we don’t have death duties or inheritance taxes, so when assets pass to beneficiaries through a person’s estate, capital gains are generally disregarded. However, […][…]
Superannuation
Bringing your super to Australia from overseas
When people relocate to Australia, superannuation is sometimes forgotten. Depending on when you bring back your super to Australia, and how much, it can have different […][…]
International Tax
Thin Capitalisation explained
An entity is considered ‘thinly capitalised’ where the assets are funded by a high level of debt and little equity. But why is this significant? The […][…]
