This presentation is aimed at practitioners who want to assist their SME clients who are:
- considering establishing a business in Australia
- wanting to employ overseas workers, or
- high net worth individuals, business migrants or investors who are coming to Australia to work.
In relation to businesses, this presentation specifically covers:
- Understanding the basics of setting up business in Australia
- Australian tax treatment of foreign residents
- tax residency and source of income
- tax treaties
- key tax exemptions and concessions
- permanent establishment issues
- forex issues
- transfer pricing
- funding Australian operations, including debt equity and thin capitalisation; repatriation of profits
- withholding taxes
- indirect tax (GST, stamp duty)
- tax compliance obligations
- Substituted Accounting Period applications
- tax risk management and corporate governance
- Entity choices
- what are the options?
- pros and cons of each structure
- how to choose the correct one
- the implications and tax effects of choosing one over another
- implications for foreign resident investors in different entities
- Disposal of Australian business
- Australian Capital Gains Tax (CGT)
- capital revenue distinction
- asset vs. share disposal
- tax planning for exit
- Employer issues
- staff tax residency
- LAFHA changes
- non-resident withholding tax
- income source issue
- Fringe Benefits tax
- compulsory superannuation
- social security treaties
- tax treaties
- tax compliance obligations/directors duties
In relation to individuals, this presentation specifically covers:
- Employee issues
- resident vs. temporary resident
- expat tax
- residency and visa issues
- migration of assets
- assets left overseas
- treaty issues (dual residency)
- foreign income tax offsets
- residency challenges associated with mobile workers
- tax compliance obligations.