Asia-Pacific
Australia
Asia-Pacific
Asia-Pacific
Australia: related party financing faces heightened tax scrutiny
Zara Ritchie and Natalya Marenina of BDO discuss the implications of May 16 Australian Taxation Office (ATO) guidance setting out the ATO’s risk assessment framework for cross-border related party financing . . .
Asia-Pacific
Asia-Pacific
Asia-Pacific
Asia-Pacific
Australia: draft tax ruling addresses central management and control test for tax residency
The Australian Taxation Office (ATO) has released a draft taxation ruling setting out the ATO’s view on when a foreign incorporated company is considered an Australian tax resident under the central management and control test, writes Davide Anghileri. . . .
Asia-Pacific
Asia-Pacific
Asia-Pacific
Asia-Pacific
Asia-Pacific
Australia weighs adoption of new OECD BEPS transfer pricing standards
The Australian Treasury on February 11 opened a consultation on whether Australia should adopt into law final OECD/G20 base erosion profit shifting (BEPS) transfer pricing . . .
Asia-Pacific
Americas
Asia-Pacific
Australia budget 2017 hits hybrid regulatory capital tax abuse, extends MAAL
In a further effort to curtail tax avoidance by multinationals, Australia will introduce hybrid mismatch provisions applicable to banks and insurance companies and tighten . . .
Asia-Pacific
Asia-Pacific
Asia-Pacific
Asia-Pacific
Australia’s tax office warns MNEs that particular transactions will be examined for tax avoidance
The Australian Taxation office (ATO) has today released four alerts, warning multinationals that specified transactions will be heavily scrutinized for tax . . .
Asia-Pacific
Asia-Pacific
Asia-Pacific
Asia-Pacific
Asia-Pacific
Asia-Pacific
Australia hits multinationals with large tax bills using new anti-avoidance law
Australia has assessed seven multinational corporations with tax liabilities totaling AUS $2.9 billion (~USD 2.2 billion), Treasurer Scott Morrison and Minister . . .
Asia-Pacific
Taiwan offers VAT refund to some foreign enterprises without fixed place of business
Taiwan’s taxation office announced Monday that foreign enterprises and other entities from specified countries that have no fixed place of business in Taiwan but engage in. . .
Asia-Pacific
Australia reviewing its research and development tax incentive
The Australian government on September 28 released a draft report suggesting ways to improve the country’s research and development (R&D) tax incentive . . .
Asia-Pacific
Asia-Pacific
Asia-Pacific
Asia-Pacific
Asia-Pacific
Australian government introduces diverted profits tax legislation: Parliament of Australia→
See: Treasury Laws Amendment (Combating Multinational Tax Avoidance) Bill 2017; Diverted Profits Tax Bill 2017.
MNE Tax expects to publish an analysis of this development shortly.
Asia-Pacific
Australia: country-by-country reporting exemption guidance offers relief to MNEs
The Australian Taxation Office (ATO) has issued guidance for multinational groups on how to apply for an exemption from the obligation to provide some or all of the information in required tax statements known as . . .
Australia
31 nations sign agreement on exchange of country-by-country transfer pricing reports
In an effort to provide their tax administrations with more tools to combat corporate tax avoidance through transfer pricing, officials from 31 countries today signed an agreement setting . . .
Asia-Pacific
Africa
Australia
Australian tax agency offers multinationals guidance on tax risk management and governance
Davide Anghileri of the University of Lausanne writes about Australian Taxation Office guidance published January 27 designed to help foreign multinationals and other taxpayers understand the ATO’s views on what better tax corporate governance practices look like so companies can develop or improve their own tax governance and internal control framework . . .
Asia-Pacific
Australia steps up effort to combat corporate tax avoidance through offshore hubs, other schemes
The Australian Taxation Office (ATO) has intensified its efforts to crack down on multinational corporation tax avoidance, launching a consultation on the aggressive use of offshore hub structures, and issuing taxpayer alerts on offshore permanent establishments . . .
Asia-Pacific
