Although private rulings can provide certainty, there are important considerations for those preparing or contesting a private ruling, as a recent case illustrates.
The trimmed mean CPI remains stubbornly towards the upper end of the RBA’s target range and a range of risk factors continue to lurk, writes Brendan Rynne.
Under the Future Made in Australia policy, new legislation introduces a hydrogen production incentive and a critical minerals production tax incentive, as highlighted by Georgia King-Siem, Sophie Turski, Melissa Bader and Daniel McLindon.
KPMG Corporate Tax Partner Gabby Burcul and Enterprise Tax Partner Clive Bird discuss the measures announced in the Federal Government’s 2025 Budget, and in particular, what they mean for business.
Ursula Dyer Lepporoli and Varun Iyer outline key land tax considerations for property owners who may be currently living or planning to live interstate or overseas.
This report seeks to provide an informative and insightful analysis of how these developments are influencing tax functions and how the business environment and direction of tax policy is likely to evolve in the years to come.
David Sofrà, Andy Larmour, Kevin Ferdinands and Analyn Toledo provide insights on some of the changes the proposed payday super legislation would bring, and how employers can start to act now, before anything has been legislated.
Thomson Reuters' ONESOURCE FBT Solution Product and Proposition Manager Amesh De Silva outlines some action areas for businesses as they prepare for the 2025 FBT season.
This webinar, to be held on Tuesday 22 April, will delve into the details of new country-by-country reporting regulations around the world, including Australia’s.
This report relates to the finalisation of the assurance phasing model and proposed amendments by the Federal Government to extend the modified liability setting to voluntary sustainability reports under certain circumstances.
Assuming core inflation continues to fall over the coming months, we believe that the RBA will be in a position to cut rates in May, with April a possibility, writes KPMG Australia Chief Economist Brendan Rynne.
This virtual event, held on Wednesday 26 March, explores topics from personal and business tax., to banking, infrastructure, health, and climate change.
Under the Future Made in Australia policy, new legislation introduces a hydrogen production incentive and a critical minerals production tax incentive, as highlighted by Georgia King-Siem, Sophie Turski, Melissa Bader and Daniel McLindon.
KPMG Corporate Tax Partner Gabby Burcul and Enterprise Tax Partner Clive Bird discuss the measures announced in the Federal Government’s 2025 Budget, and in particular, what they mean for business.
The prompt response from Treasury provides welcome certainty for foreign investors into Australia, as highlighted by Matt Ervin, Shirley Lam, Tasha Chen and Alexandra Macolino.
The ATO may review and apply compliance resources in circumstances where an Australian entity that holds passive assets are ‘restructured’, so that it then is able to qualify as a MIT, where there is no clear commercial rationale for such restructure, as detailed by Matt Ervin, Shirley Lam and Tasha Chen.
An ATO private binding ruling illustrates why the terms of any employee incentive plans need to be carefully considered, including in relation to the deductibility of any payments made under the plan, as detailed by Stacey Hannam and Mitchell Bird.
Taxpayers that are considering undertaking restructures or refinances in relation to debt, should review the guidance against their own circumstances to identify the risk that the ATO will seek to apply the anti-avoidance provisions, as outlined by Stephen Carpenter, Katrina Piva, Josh Cardwell, Matt Ervin and Amanda Maguire.
The trimmed mean CPI remains stubbornly towards the upper end of the RBA’s target range and a range of risk factors continue to lurk, writes Brendan Rynne.
The Fed is in full wait-and-see mode and in no hurry to cut rates, something that financial markets have not fully absorbed, writes KPMG US Chief Economist Diane Swonk.
KPMG China has released the Q1 edition of the 2025 China Economic Monitor which analyses the latest trends in the macro economy and policy developments.
Thomson Reuters' ONESOURCE FBT Solution Product and Proposition Manager Amesh De Silva outlines some action areas for businesses as they prepare for the 2025 FBT season.
David Sofrà, Andy Larmour, Kevin Ferdinands and Analyn Toledo provide insights on some of the changes the proposed payday super legislation would bring, and how employers can start to act now, before anything has been legislated.
KPMG's Stacey Biggar and Sam Gathercole are joined by Thomson Reuters' ONESOURCE FBT Solution Product and Proposition Manager Amesh De Silva as they discuss Fringe Benefits Tax (FBT) preparation processes and automation for Australian business.
Under the Future Made in Australia policy, new legislation introduces a hydrogen production incentive and a critical minerals production tax incentive, as highlighted by Georgia King-Siem, Sophie Turski, Melissa Bader and Daniel McLindon.
KPMG Corporate Tax Partner Gabby Burcul and Enterprise Tax Partner Clive Bird discuss the measures announced in the Federal Government’s 2025 Budget, and in particular, what they mean for business.
The ATO’s view on what constitutes a “commercial parking station” has been successfully challenged, writes Hayley Lock, Stacey Biggar and Sam Gathercole.
Director Catherine Ommundson discusses what Top 100 and Top 1,000 taxpayers can do to prepare for the Australian Taxation Office's (ATO) new supplementary annual reporting requirement.
Indirect Tax Partner Jacqui Hardwick discusses the Australian Taxation Office's new supplementary annual reporting requirement for Top 100 and Top 1,000 taxpayers.
Jacqui Hardwick and Catherine Ommundson discuss the Australian Taxation Office's (ATO) new supplementary annual reporting requirement for Top 100 and Top 1,000 taxpayers and what guidance is available to assist organisations to comply.
In this series of four articles, the Australia Geopolitics Hub will analyse how President-elect Trump’s policy pronouncements could reshape the geopolitical map, and ask, what does that mean for Australia and Australian businesses?
The challenges of the FIF rules are not limited to new and returning Kiwis and we would welcome the further extension of the revenue account method, as outlined by KPMG NZ’s Rebecca Armour.
Ursula Dyer Lepporoli and Varun Iyer outline key land tax considerations for property owners who may be currently living or planning to live interstate or overseas.
Australians in New York - KPMG’s Justin Davis and Vanessa Kasbekar – set out some observations on what may lie ahead in the world of tax for Australians who have stakes in the United States.
This report presents an overview of selected key findings and offers informative insights for global mobility professionals on the future evolution of the function.
Although private rulings can provide certainty, there are important considerations for those preparing or contesting a private ruling, as a recent case illustrates.
The judgement in Tabcorp considers the application of the Taxation of Financial Arrangements (TOFA) rules to an arrangement that becomes a TOFA ‘financial arrangement’ once all the non-cash settlable rights and obligations in the arrangement have been satisfied.
As outlined by Kristie Schubert, Julian Humphrey, Stacey Hannam, Keith Swan and Emilia Galluccio, the Commissioner has provided detailed commentary on the implications of the Federal Court decision, summarising key technical issues that are likely to be relevant to other taxpayers.
Reduction of tax debt is a major concern for the Commissioner of Taxation with swift, deliberate and targeted recovery action foreshadowed – “repeat offenders” are specifically in focus.
David Sofrà, Andy Larmour, Kevin Ferdinands and Analyn Toledo provide insights on some of the changes the proposed payday super legislation would bring, and how employers can start to act now, before anything has been legislated.
Transfer Pricing National Leader Tim Keeling and Tax Governance Partner Phil Beswick discuss the Australian public country-by-country (CbC) reporting rules which are based broadly on the Global Reporting Initiatives' (GRI) Sustainability Reporting Standards.
KPMG firms are integrating AI into Audit, Tax and Advisory solutions as well as exploring practical use cases that have been designed to accelerate and enhance organizations’ audit processes, tax transparency and reporting obligations and meet clients’ ambitious business transformation objectives.
