Corporate tax residency review poses six questions for comment

Ongoing difficulties with the central management and control test have led the Treasurer to ask the Board of Taxation to consult on the pros and cons of replacing it with an alternative test.

At the Treasurer’s request, the Board of Taxation (the Board) has released a Consultation Guide as part of its review into the operation of Australia’s corporate tax residency rules.Its purpose is to evaluate whether Australia’s corporate tax residency rules are operating appropriately in light of modern, international, and commercial board practices and international tax integrity rules.The review follows many years of uncertainty, particularly with regard to the meaning of the “central mana...

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Authors: Peter Madden, Paul Sorrell,

Published Date: 18 September 2019