Australia to stop taxing certain offshore income of Indian firms

Australia agrees to amend its domestic tax law to stop taxation of certain offshore income of Indian firms providing technical services to Australian clients.

Australian and India signed an Economic Co-operation and Trade Agreement (Agreement) on 2 April 2022, in which Australia has agreed to stop the taxation of offshore income of Indian firms providing technical services to Australia.  This development is significant because Indian information technology service companies have received unfavourable decisions from litigation in Australia regarding the taxation of services provided to Australian clients by their employees based in India. The...

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Authors: Peter Madden, Denis Larkin,

Published Date: 20 April 2022