Insights
Propel
your
future
Insights
Public CbC reporting: what you need to know Australia has introduced a new public tax transparency regime, Public Country-By-Country (CbC) reporting that requires certain multinational groups (MNE) to publicly disclose tax and financial information. The information will to be published on the Australian government website which is a significant shift...
2 contributors
Sydney
Insights
What you need to know about Pillar Two reporting in Australia Pillar Two Australia’s Pillar Two rules introduce a 15% global minimum tax for large multinational groups (EUR 750m+ revenue), together with new annual reporting and compliance obligations in Australia applying from income years beginning on or after 1 January...
2 contributors
Sydney
Insights
On 27 July 2022, the Treasury Laws Amendment (Electric Car Discount) Bill 2022 (the Bill) was introduced by the Government to remove Fringe Benefits ax (FBT) on eligible electric vehicles provided by an employer to its current employees for private use. The proposed measure will be subject to review after...
Iain Spittal
Partner
Sydney, Newcastle
Insights
Employers face ongoing challenges with complying with the various obligations imposed by the tax system. Various changes have been implemented or announced recently across a range of employer obligations which are explained in more detail below. Single Touch Payroll Single Touch Payroll (STP) reporting is now required for all businesses...
Iain Spittal
Partner
Sydney, Newcastle
Insights
The Australian Taxation Office (ATO) recently released its final guidance on determining the tax residency of foreign companies controlled by Australian groups. The identification of tax residency is important as it can give rise to significant tax implications including exposure to Australian income tax and capital gains tax, application of...
Iain Spittal
Partner
Sydney, Newcastle