News in brief… 16 September 2021

Federal Government plans to expand tax treaty network; Consultation paper released into Junior Minerals Exploration Incentive; Business development grants announced for northern Australia.

Federal Government plans to expand tax treaty network The Federal Government has announced it will expand Australia’s tax treaty network with plans to enter into ten new and updated tax treaties by 2023, building on the existing network of 45 bilateral tax treaties. The tax treaty expansion plan is targeting 80 percent coverage of foreign investment in Australia and about $6.3 trillion of Australia’s two-way trade and investment. Negotiations with India, Luxembourg and Iceland are occurrin...

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Published Date: 16 September 2021