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Oops!... you’ve found a superannuation guarantee error
Hayley Lock, Stacey Biggar & Sam Gathercole discuss what factors the ATO will consider in determining the percentage of the Superannuation Guarantee Charge penalty to be remitted.
OECD updates Australia’s transfer pricing profile
The country profiles include two new sections relating to the transfer pricing treatment of financial transactions and the application of the Authorised OECD Approach (AOA) to Permanent Establishments.
Disrupting the contract management paradigm
Peter Liddell and Chris Clements discuss how organisations can reduce value leakage in the early stages of the contract lifecycle and develop contracts that accelerate the procurement process.
Rapid tax recap: A month in review – August 2021
This report summarises the month's key developments in tax, economics, regulation and compliance – including key articles, ATO updates and rulings, and news you may have missed.
Most Popular Articles
Distance to Default: A default indicator for Australian-listed companies
The Distance to Default (D2D) score serves as a useful metric for benchmarking company performance across different industries.
Tax Institute report highlights $50 billion tax compliance burden
A report from the Tax Institute explores options for reform across Australia’s tax and superannuation systems.
Eligibility requirements for NSW business grants
Matt Hayes and Andy Hutt examine some of the eligibility requirements for the NSW Government 2021 COVID-19 business grant program.
Inclusive Framework agrees to historic deal on international tax
The OECD/G20 sponsored forum has agreed the key principles for major change to international tax rules from 2023, writes Grant Wardell-Johnson.
Latest Video

How Australia’s indirect tax system deals with financial services
In this video, Anthony Versace discusses Australia’s indirect taxation system as it relates to the financial services sector.
Compliance View all >
Oops!... you’ve found a superannuation guarantee error
Hayley Lock, Stacey Biggar & Sam Gathercole discuss what factors the ATO will consider in determining the percentage of the Superannuation Guarantee Charge penalty to be remitted.
Disrupting the contract management paradigm
Peter Liddell and Chris Clements discuss how organisations can reduce value leakage in the early stages of the contract lifecycle and develop contracts that accelerate the procurement process.
Tax Institute report highlights $50 billion tax compliance burden
A report from the Tax Institute explores options for reform across Australia’s tax and superannuation systems.
European Commission adopts proposals to reduce greenhouse gas emissions, energy tax measures
The proposals would aim to reduce net greenhouse gas emissions in the European Union by 55 percent by 2030.
Corporate Tax View all >
OECD updates Australia’s transfer pricing profile
The country profiles include two new sections relating to the transfer pricing treatment of financial transactions and the application of the Authorised OECD Approach (AOA) to Permanent Establishments.
Webinar recording: Performance of the tax function
This webinar, recorded on 22 July, examines how businesses can develop a well-performing tax function and, in turn, how to measure that performance.
UK releases draft legislation for notification of uncertain tax treatments
Large businesses would be required to provide notification of uncertain tax treatment in Corporate Tax, Value Added Tax or income tax returns filed on or after 1 April 2022.
What the ATO’s newest engagement service means for business investment
The ATO’s new service offers timely tax guidance on transactions and related tax matters, as detailed by Minh Dao, Scott Farrell, Matt Ervin and Katrina Piva.
Deal Advisory - Tax View all >
What the ATO’s newest engagement service means for business investment
The ATO’s new service offers timely tax guidance on transactions and related tax matters, as detailed by Minh Dao, Scott Farrell, Matt Ervin and Katrina Piva.
Distance to Default: A default indicator for Australian-listed companies
The Distance to Default (D2D) score serves as a useful metric for benchmarking company performance across different industries.
Pillar Two and Australian Real Estate
Scott Farrell, Justin Davis, Denis Larkin and Simon Clark make preliminary observations in relation to the potential application of the global minimum tax rules in Pillar Two with respect to Australian real estate investments.
Webinar recording: Sourcing strategy
This webinar, held on Tuesday 11 May 2021, continues the series focusing on different themes relating to tax transformation and global compliance, and reporting management.
Economics & Regulation View all >
OECD updates Australia’s transfer pricing profile
The country profiles include two new sections relating to the transfer pricing treatment of financial transactions and the application of the Authorised OECD Approach (AOA) to Permanent Establishments.
Rapid tax recap: A month in review – August 2021
This report summarises the month's key developments in tax, economics, regulation and compliance – including key articles, ATO updates and rulings, and news you may have missed.
Taxation of the digitalised economy: Development summary
KPMG publishes an overview of tax measures implemented, proposed and announced in response to the challenges arising from the digitalised economy.
The ASEAN way and sustainable development
Are the values and processes, serving ASEAN since its creation, suitable for effectively negotiating present sustainability challenges?
Employment View all >
Oops!... you’ve found a superannuation guarantee error
Hayley Lock, Stacey Biggar & Sam Gathercole discuss what factors the ATO will consider in determining the percentage of the Superannuation Guarantee Charge penalty to be remitted.
How might employee benefit arrangements be affected by climate-related risks?
As discussed by Anthony Voigt, companies could see changes in employee benefit arrangements due to site closures or restructurings.
Australia records lowest unemployment rate for a decade
The headline from this week’s Australian Bureau of Statistics (ABS) jobs data is very positive, but there is a counter-balancing element in the detail – underemployment, writes Jodie Patron.
Webinar: KPMG ThinkPay - Navigating the wage compliance landscape
This webinar, to be held on 1 July 2021, takes a counsel’s perspective on the Wage Theft Act 2020.
Grants & Incentives View all >
Federal Government co-funds further business support for NSW, Victoria
With COVID-19 restrictions continuing in both New South Wales and Victoria the Federal Government is contributing to economic support programs in both states.
NSW Treasury provides more information on JobSaver eligibility criterion based on ‘aggregated turnover'
Further details are available regarding the eligibility requirements for the NSW Government 2021 COVID-19 JobSaver payments.
Eligibility requirements for NSW JobSaver payment scheme
Matt Hayes and Andy Hutt examine some of the eligibility requirements for the NSW Government 2021 COVID-19 JobSaver payments.
Australia’s GDP likely to drop by $10b following extended COVID-19 restrictions
Understanding the economic impact of the current restrictions is very difficult, and comparing to past lockdowns is useful, but only to a point, writes Dr Brendan Rynne.
Indirect Tax View all >
Another reporting regime: Moving to data reporting readiness
As discussed by Kavita Panjratan & Alicia Lennon, the proposed measures have arisen out of Treasury’s Black Economy Taskforce to manage tax compliance risks posed by the sharing economy.
GST on low value imported goods: Is the regime working?
As discussed by Kavita Panjratan, Leonie Ferretter and Alicia Lennon, the review will hopefully result in streamlining of some complexities around the regime.
South Australia 2021 Budget: Strong GST, stamp duty receipts help shrink debt
As discussed by Jenny Lee and Mark Latham, the SA Government’s budget position has improved this financial year due to better than expected GST and stamp duty receipts.
Important change for FBT on car parking
Employers are likely to have an increase in their fringe benefits tax liability on employees’ car parking spaces, writes Hayley Lock.
International Tax View all >
OECD updates Australia’s transfer pricing profile
The country profiles include two new sections relating to the transfer pricing treatment of financial transactions and the application of the Authorised OECD Approach (AOA) to Permanent Establishments.
UK releases draft legislation for notification of uncertain tax treatments
Large businesses would be required to provide notification of uncertain tax treatment in Corporate Tax, Value Added Tax or income tax returns filed on or after 1 April 2022.
Podcast: Between Two Pillars - consensus or contentious?
KPMG US’ Gary Scanlon, Michael Plowgian and Marcus Heyland discuss the latest developments at the OECD and G20.
Mitigating carbon leakage - how the new carbon borders will change the game for high carbon exports
While Australian firms may not initially be directly impacted by these announcements, the EU reform package adds to existing arguments to prepare for a new low-carbon world, writes Barry Sterland.
Migration View all >
COVID recovery through skilled migration
The addition of 22 occupations to the Priority Migration Skilled Occupation List supports Australia’s economic recovery.
President Biden’s ‘Green Book’ tax reforms: Implications for U.S. citizens in Australia and Australians in the U.S.
Terry Hoban and Noelle Abella discuss how the proposed tax reforms addressed in the U.S. Treasury Department “Green Book” may impact U.S. individual income taxpayers if enacted.
Podcast episode 18: Personal tax, income measures in 2021 Federal Budget
Hayley Lock and Jaron Stafford discuss the personal tax and income measures in 2021 Federal Budget, including the tax residency rule changes.
Extension of ATO COVID-19 permanent establishment guidance - a welcome development for taxpayers
As outlined by Denis Larkin & Priscilla Tang, the extension of the ATO’s guidance is a pragmatic and proportionate response which will assist taxpayers.
Tax Law & Dispute Resolution View all >
ATO releases private wealth Top 500 findings report
The report identifies low levels of tax governance maturity as the main reason why only a small number of groups have obtained ‘Justified Trust’ status.
High Court sides with taxpayer in transfer pricing case
As outlined by Jeremy Capes, Keith Swan and Annemarie Wilmore, the views expressed by the Court have potential implications for Australia’s current transfer pricing rules.
‘Freezing Orders’ - Commissioner’s recent win
This case is a reminder of the breadth of the debt recovery methods open to the Commissioner, as discussed by Jacqueline McGrath and Kristie Schubert.
Commissioner’s appeal dismissed in JobKeeper case before Full Federal Court
Keith Swan and Sumitha Krishnan outline the key issues put before the court, which ultimately found in favour of the taxpayer.
Technology View all >
Disrupting the contract management paradigm
Peter Liddell and Chris Clements discuss how organisations can reduce value leakage in the early stages of the contract lifecycle and develop contracts that accelerate the procurement process.
Webinar recording: Performance of the tax function
This webinar, recorded on 22 July, examines how businesses can develop a well-performing tax function and, in turn, how to measure that performance.
Taxation of the digitalised economy: Development summary
KPMG publishes an overview of tax measures implemented, proposed and announced in response to the challenges arising from the digitalised economy.
Webinar recording: OECD/G20 Inclusive Framework - BEPS 2.0 announcements
Watch a recording of KPMG Asia Pacific Tax Centre’s webinar on the OECD/G20 Inclusive Framework BEPS 2.0 announcements.
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