The Australian Taxation Office on December 5 issued an update to draft guidance on the central management and control test for determining tax residency.
The update states that the transitional period during which the Commissioner will not apply his resources to review or seek to disturb a foreign-incorporated company’s status as a non-resident is extended from December 13, 2018, to 30 June 30, 2019.
The new guidance updates draft Australian rules issued on June 21.
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