Featured Article
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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Tax Advice
Buying overseas goods online? Be prepared to pay an extra 10% GST tax
Wonder why Amazon has blocked Australians from their US sites? It is because from 1 July, goods bought online from overseas will incur a 10% GST […][…]
Tax Advice
Haven’t disclosed foreign income in your tax returns?
If you have received income from overseas or have been holding monies overseas and receiving interest income but haven’t disclosed this in your tax returns, do […][…]
Tax Debt
Garnishee arrangement instead of payment plan: Company not wound up
The ATO commenced debt recovery action and would not accept a payment plan. However Waterhouse Lawyers negotiated a Garnishee arrangement so that the company could continue […][…]
International Tax
Tax: Don’t get caught by the global Common Reporting Standards (CRS)
The Common Reporting Standard (CRS) is designed to reduce tax evasion. It is a global reporting system and will affect all taxpayers who have bank accounts […][…]
International Tax
Tax Common Reporting Standard (CRS): Australian Chinese Community
Many of the Australian Chinese community may be affected by the Common Reporting Standard (CRS) the new international tax reporting system. The CRS is designed to […][…]
Superannuation
Superannuation funds not yours until you retire
One of the biggest mistakes you can make as a trustee/member of a Self-Managed Superannuation Fund (“SMSF”) is to treat the fund’s money like your own […][…]
