Corporate residency test: Progress of Board of Taxation review

Jenny Wong discusses the latest consultation paper released by the Board on corporate residency.

An ‘incorporation-only’ test to determine whether a corporate is a resident of Australia would seem to be the preferred approach based on submissions on the Board of Taxation’s (BoT) Review of Corporate Residency. However, the BoT has raised some integrity concerns that need to be fleshed out, with regard to moving to a sole residency test of incorporation.The second consultation paper, released on 6 December 2019 outlines several options to reform the corporate residency test in Australia, a...

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Authors: Jenny Wong

Published Date: 12 December 2019