Tasmania Government unveils 2025-26 Budget with key initiatives for health, housing, and cost of living, as outlined by Jenny Lee, Jacqueline Wood and Sonali Priyansha.
The slowing retail figures and the flat private sector investment capex figures show the economy is still fairly fragile, which justifies the RBA’s recent rate cut, writes KPMG Australia Economist Terry Rawnsley.
Taxpayers should consider the broader commentary within the draft PCG as to what the ATO considers are the key ‘hallmarks’ of a commercially-minded borrowing decision, and compare their own related party debt, as detailed by Sean Madden and Sam van Berkel.
Although the data suggests that inflation remains persistent, it also confirms that the RBA now has more headroom to act quickly in reducing rates if negative shocks threaten the growth outlook, writes KPMG Senior Economist Michael Malakellis.
The potential breadth of the rules for significant global entities, foreshadowed in the 2024-25 MYEFO announcement, raises a number of questions on how they would be implemented, as outlined by Julian Humphrey, Denis Larkin, John Fulton and Ethan Zuo.
The bill provides for retaliatory measures on certain non-US corporations and individuals if their home jurisdiction has adopted taxes deemed to be discriminatory or extraterritorial.
The new return requires more detailed and targeted explanations to substantiate responses than the pilot and is indicative of the ATO’s continuing focus on obtaining assurance that the right amount of GST is reported and paid, as highlighted by Anthony Versace, Jacqui Hardwick, Rosie Ross and Catherine Ommundson.
As detailed by Dorian Beaver, Primrose Mroczkowski and Angeline Houdalakis, the Victorian 2025-2026 State Budget has not introduced any new revenue measures and extended the temporary off-the-plan stamp duty concessions to support housing supply.
Australian Taxation Office (ATO) Assistant Commissioner for Superannuation and Employer Obligations Peta Lonergan says the administrator will be contacting some tax agents about employers' FBT returns.
The focus areas continue to centre on areas requiring significant judgement, including revenue recognition, asset valuation and provisions, as outlined by Kim Heng and Julie Locke.
This webinar, held on Tuesday 22 April, delves into the details of new country-by-country reporting regulations around the world, including Australia’s.
The Payment Times Reporting Regulator released final guidance material in March, which entities will need to rely on for reporting periods beginning 1 July 2024.
The potential breadth of the rules for significant global entities, foreshadowed in the 2024-25 MYEFO announcement, raises a number of questions on how they would be implemented, as outlined by Julian Humphrey, Denis Larkin, John Fulton and Ethan Zuo.
2025 is set to be a year in which Pillar Two becomes ever more ‘real’, with a second ‘wave’ of jurisdictions placing their Pillar Two rules into effect.
In this submission, KPMG provides insights on some of the underlying assumptions in the Federal Government’s discussion paper and considers how policies and practices can be aligned to effect meaningful change.
This article, the third in our global series, explores how Pillar Two interacts with M&A activities — focusing on acquisitions, dispositions, joint ventures and carve-outs.
This decision will provide greater clarity for existing groups of entities that may be considering a reorganisation, such as a ‘top hatting’ restructure or demerger, as detailed by Kristie Schubert, Matt Ervin, Shirley Lam, James Macky, Demos Deliyannis and William Ho.
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 slowing retail figures and the flat private sector investment capex figures show the economy is still fairly fragile, which justifies the RBA’s recent rate cut, writes KPMG Australia Economist Terry Rawnsley.
Although the data suggests that inflation remains persistent, it also confirms that the RBA now has more headroom to act quickly in reducing rates if negative shocks threaten the growth outlook, writes KPMG Senior Economist Michael Malakellis.
Heightened uncertainty, combined with higher inflation, economic stagnation and rising federal deficits could mean tighter lending conditions for both businesses and households, writes KPMG US Senior Economist Ken Kim.
This KPMG report provides superannuation market analysis using 2024 APRA data including fees, industry flows and expenditure, in addition to Chant West investment performance figures.
Australian Taxation Office (ATO) Assistant Commissioner for Superannuation and Employer Obligations Peta Lonergan says the administrator will be contacting some tax agents about employers' FBT returns.
KPMG Workplace Advisory Partner Hayley Lock discusses the recent Federal Court judgement for car parking fringe benefits and commercial parking stations.
ATO Assistant Commissioner for Superannuation and Employer Obligations Peta Lonergan provides KPMG’s Hayley Lock and Stacey Biggar with key tax updates for internal teams and compliance areas of interest in 2025.
This submission builds on KPMG’s past contribution, with eight recommendations to the payday super regime, including recommending that legislation should be fair in regard to employers who genuinely demonstrate efforts to comply with their SG obligations.
Sophie Turski, Georgia King-Siem, Amanda Tirtadinata and Ryan Kirby explore new industry incentives, highlighting the opportunities and nuances that Australian businesses and communities need to be aware of.
In this submission, KPMG provides insights on some of the underlying assumptions in the Federal Government’s discussion paper and considers how policies and practices can be aligned to effect meaningful 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.
Tasmania Government unveils 2025-26 Budget with key initiatives for health, housing, and cost of living, as outlined by Jenny Lee, Jacqueline Wood and Sonali Priyansha.
The announcement is a welcome development which will reduce the compliance burden on electronic distribution platform operators, as outlined by Jacqueline Hardwick, Catherine Ommundson and Emily Gadzev.
The new return requires more detailed and targeted explanations to substantiate responses than the pilot and is indicative of the ATO’s continuing focus on obtaining assurance that the right amount of GST is reported and paid, as highlighted by Anthony Versace, Jacqui Hardwick, Rosie Ross and Catherine Ommundson.
As detailed by Dorian Beaver, Primrose Mroczkowski and Angeline Houdalakis, the Victorian 2025-2026 State Budget has not introduced any new revenue measures and extended the temporary off-the-plan stamp duty concessions to support housing supply.
Taxpayers should consider the broader commentary within the draft PCG as to what the ATO considers are the key ‘hallmarks’ of a commercially-minded borrowing decision, and compare their own related party debt, as detailed by Sean Madden and Sam van Berkel.
The bill provides for retaliatory measures on certain non-US corporations and individuals if their home jurisdiction has adopted taxes deemed to be discriminatory or extraterritorial.
Legislation before the US House includes measures to be imposed on certain foreign corporations and individuals if their home jurisdiction has adopted taxes deemed to be discriminatory or extraterritorial, including the undertaxed profits rule of Pillar Two, digital services taxes and diverted profits taxes.
Daniel Rae and Onur Tekin discuss what businesses can do in this unpredictable environment, and key issues to keep in mind if transfer pricing policies need to be changed.
With the introduction of a sweeping portfolio of new global tariffs from the United States, this webinar dives into the potential economic and geopolitical impacts of this new world order.
Hayley Lock, Mark Wright and Eli Christodoulou provide insight on the Australian Government’s measure to further restrict foreign ownership of established dwellings and how global mobility teams can navigate this change to continue to attract talent to Australia.
This KPMG International webinar, to be held on Wednesday 23 April, will explore the current challenges and strategies with respect to the wave of recently announced tariffs.
Key to the Administrative Review Tribunal case was the wide range of different contractual and pricing mechanisms used in the market, as highlighted by Sam van Berkel, Glen Hutchings, Kristie Schubert, Jeremy Capes and James Alsop.
Belinda Cheesewright, Kristie Schubert, Blake Indian, Aylin Harapoz and Wenny Sampurna explore these changes and their impact on private groups going forward.
This decision will provide greater clarity for existing groups of entities that may be considering a reorganisation, such as a ‘top hatting’ restructure or demerger, as detailed by Kristie Schubert, Matt Ervin, Shirley Lam, James Macky, Demos Deliyannis and William Ho.
Although private rulings can provide certainty, there are important considerations for those preparing or contesting a private ruling, as a recent case illustrates.
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.
