Please sign in here using your existing KPMG Account (KPMG Tax Now).
If you cannot remember your sign in details, or you need assistance, please contact us.

Changes expected to Offshore Banking Unit

John Fulton & Natalie Raju discuss implications for change which may be forthcoming to the OBU.

Major changes to Australia’s Offshore Banking Unit (OBU) regime are expected to be announced by Treasury shortly, and we understand that the regime may even be repealed.Currently, the OBU regime provides a concessional tax rate of 10 percent and an interest withholding tax (WHT) exemption for “offshore banking” activities, which generally involve offshore persons, eg non-residents, foreign branches or other OBUs.In October 2018, the Organisation for Economic Cooperation and Development’s (OEC...

Sign in below or register now to read the full article

Authors: John Fulton, Natalie Raju

Published Date: 13 September 2019

KPMG Tax Now is a digital media website that brings together industry-leading tax news, insights and more from our global network of experts.

Stay informed of important policy and legislation changes, and what it means to you and your business. 

Subscribe to our KPMG Tax Now platform to receive important updates delivered to your inbox, access to exclusive multi-media content, and invitations to interactive information sessions with KPMG experts.

If you are an existing user please click here

Forgot Password?      Forgot Username?