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India’s Equalisation Levy expanded to cover non-resident e-commerce operators
While the levy may have meant to tax only digital transactions, it appears to cover even those transactions that are facilitated via digital means, explain Jai Patel and Anish Mehta.
Another win for an importer on tariff clarification dispute
A recent case highlights the complexities involved in tariff classification and the disputes that can arise between importers and customs, write Leonie Ferretter, Jacqueline McGrath and Kristie Schubert.
United Kingdom edges closer to enacted digital tax legislation
As detailed by KPMG UK’s Matthew Herrington, a Bill proposes a two percent tax on revenue on certain digital income streams connected to UK users.
Part II: Revenue versus capital, black hole expenditure – Identifying a ‘counterfactual’
Jenny Wong continues her two-part series, examining recent High Court and Federal Court decisions which have reinvigorated discussion of the application of the general deductibility principles.
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Economic outlook: How bad could it get?
Uncertainty doesn’t have to mean paralysis, writes KPMG’s Global Head of Clients & Markets Gary Reader.
GST governance guide to prepare taxpayers for assurance reviews
Anthony Versace and Roseanne Ross discuss the ATO’s yet-to-be-released GST Governance, Data Testing and Transaction Testing Guide.
Border Force issues trade compliance update
Leonie Ferretter & Jessie Zhang highlight key points from the ABF compliance update which affect Australian importers and exporters.
Upcoming webinars
KPMG invites you to register now for upcoming webinars.
Latest Video

Video: Review of federal-state financial relations
KPMG’s Grant Wardell-Johnson and Andy Hutt discuss the report into federal-state financial relations, ahead of Thursday’s webinar.
Compliance View all >
Another win for an importer on tariff clarification dispute
A recent case highlights the complexities involved in tariff classification and the disputes that can arise between importers and customs, write Leonie Ferretter, Jacqueline McGrath and Kristie Schubert.
GST governance guide to prepare taxpayers for assurance reviews
Anthony Versace and Roseanne Ross discuss the ATO’s yet-to-be-released GST Governance, Data Testing and Transaction Testing Guide.
Border Force issues trade compliance update
Leonie Ferretter & Jessie Zhang highlight key points from the ABF compliance update which affect Australian importers and exporters.
Legislation list – June 2020
Explore which bills have been introduced, debated and passed following the June sittings.
Corporate Tax View all >
Part II: Revenue versus capital, black hole expenditure – Identifying a ‘counterfactual’
Jenny Wong continues her two-part series, examining recent High Court and Federal Court decisions which have reinvigorated discussion of the application of the general deductibility principles.
OECD releases corporate tax statistics from country-by-country reporting
A new report from the OECD contains aggregated corporate tax information on 4,000 entities in 26 jurisdictions.
Part I: Revenue versus capital, black hole expenditure – Reconciling recent cases
Jenny Wong outlines why tax teams should familiarise themselves with recent court decisions, particularly as businesses seek to restructure, sell off or purchase assets and renegotiate contracts.
Upcoming webinars
KPMG invites you to register now for upcoming webinars.
Deal Advisory - Tax View all >
Super fund merger relief now permanent – but should more be done?
Neil Lamb, Ross Stephens and Muska Shakaib discuss measures contained within the Treasury Laws Amendment (2020 Measures No. 1) Act 2020.
COVID-19: United States qualified foreign pension fund considerations arising from early release of superannuation
Peter Oliver and Landon McGraw outline questions relating to the early release of superannuation under COVID-19 relief measures.
COVID-19 webinar: Capital management considerations in Transactions, Tax and Law
KPMG invites you to attend a webinar that will explore funding options across the spectrum of equity, debt and government support mechanisms.
COVID-19: New M&A tax depreciation ‘sleeper’
Tim Lynch & Andrew Bath discuss legislation introduced by the Federal Government in response to COVID-19.
Economics & Regulation View all >
India’s Equalisation Levy expanded to cover non-resident e-commerce operators
While the levy may have meant to tax only digital transactions, it appears to cover even those transactions that are facilitated via digital means, explain Jai Patel and Anish Mehta.
United Kingdom edges closer to enacted digital tax legislation
As detailed by KPMG UK’s Matthew Herrington, a Bill proposes a two percent tax on revenue on certain digital income streams connected to UK users.
Webinar recording: Review of federal-state financial relations
This webinar was held on Thursday 9 July and explored the 15 recommendations made in an expert panel’s draft report into federal-state financial relations.
OECD releases corporate tax statistics from country-by-country reporting
A new report from the OECD contains aggregated corporate tax information on 4,000 entities in 26 jurisdictions.
Employment View all >
Work from home expenses and COVID-19: ATO releases PCG 2020/3
The ATO has released guidance specific to working from home expenses.
What employees need to know when it comes to your tax return
Mardi Heinrich outlines key steps for employees as they prepare to file their annual tax returns.
Ride-share FBT change: What does it mean for 2020 FBT returns?
Nathan Hamilton, David Sofrà and Hayley Lock discuss the amendments to the FBT Act, which ensure existing concessions for taxis apply to ride-sharing.
Webinar recording: Year-end employer reporting and immigration update
This webinar, which was recorded on 4 June, looked at the key Australian employer year-end reporting obligations, with a focus on cross-border employees.
Grants & Incentives View all >
Not so simple: Claiming the R&D Tax Incentive and Instant Asset Write Off
As discussed by Georgia King-Siem and Jonathan Zimet, some businesses have a choice between claiming the R&D Tax Incentive and Instant Asset Write Off on depreciating assets.
No deduction for costs of administering bushfire compensation fund
Daniela Chiew and Matt McRae discuss the Federal Court case Trustee for the Murrindindi Bushfire Class Action Settlement Fund vs Commissioner of Taxation [2020 FCAFC 92].
JobKeeper payment: Questions from the Senate committee
Australian Taxation Office (ATO) and Treasury officials appeared before the Senate Select Committee on COVID-19 on Tuesday 9 June.
JobKeeper wage condition: Further guidance for employers who operate a monthly payroll
Andy Hutt and Jenny Wong discuss the latest guidance regarding the JobKeeper payment.
Indirect Tax View all >
GST governance guide to prepare taxpayers for assurance reviews
Anthony Versace and Roseanne Ross discuss the ATO’s yet-to-be-released GST Governance, Data Testing and Transaction Testing Guide.
Queensland Government announces further $4 billion in support measures
Queensland has provided payroll tax refunds and ‘holidays’ as it seeks to support business.
Parliament extends director penalties to GST liabilities
John Oesterheld & Anthony Versace review new legislation which increases the accountability of company directors.
NSW Government proposes expansion of landholder duty base
Definition of land to include anything fixed to land, land value threshold definition to be changed and joint and severally liable among government proposals.
International Tax View all >
Upcoming webinar: Trade & Customs matters in Taiwan
This webinar, to be held on Wednesday 22 July, continues KPMG’s ‘Shining a Light on Trade & Customs Matters’ series.
Another win for an importer on tariff clarification dispute
A recent case highlights the complexities involved in tariff classification and the disputes that can arise between importers and customs, write Leonie Ferretter, Jacqueline McGrath and Kristie Schubert.
Border Force issues trade compliance update
Leonie Ferretter & Jessie Zhang highlight key points from the ABF compliance update which affect Australian importers and exporters.
Upcoming webinars
KPMG invites you to register now for upcoming webinars.
Migration View all >
New Zealand to screen foreign investors by taxation record
Nisha Blanchard and Greg Knowles provide a summary of new requirements of the NZ Overseas Investment Office.
People Services webinar: Year-end employer reporting and immigration update
KPMG invites you to register for the upcoming webinar 'FY20 Australian employer year-end reporting and Immigration updates'.
European Union to launch new customs pre-arrival security and safety regime
The EU has announced a complete overhaul and reform to its existing customs regime.
New Zealand tax residence guidance for employers and employees
An Inland Revenue guidance on tax issues arising from COVID-19 for both employers and their employees.
Tax Law & Dispute Resolution View all >
Part II: Revenue versus capital, black hole expenditure – Identifying a ‘counterfactual’
Jenny Wong continues her two-part series, examining recent High Court and Federal Court decisions which have reinvigorated discussion of the application of the general deductibility principles.
Part I: Revenue versus capital, black hole expenditure – Reconciling recent cases
Jenny Wong outlines why tax teams should familiarise themselves with recent court decisions, particularly as businesses seek to restructure, sell off or purchase assets and renegotiate contracts.
‘Ancillary to the supply of goods’: Taxpayer success in payroll tax exemption case
Keith Swan, Nathan Hamilton, Annemarie Wilmore & Alice Chow discuss a judgement in the NSW Supreme Court of Appeal which found in favour of the taxpayer.
‘Reviewable error’: Commissioner required to reconsider director penalty
As discussed by Andy Hutt, the Federal Court has required the Commissioner of Taxation to revisit a decision to impose penalties on a company director.
Technology View all >
India’s Equalisation Levy expanded to cover non-resident e-commerce operators
While the levy may have meant to tax only digital transactions, it appears to cover even those transactions that are facilitated via digital means, explain Jai Patel and Anish Mehta.
United Kingdom edges closer to enacted digital tax legislation
As detailed by KPMG UK’s Matthew Herrington, a Bill proposes a two percent tax on revenue on certain digital income streams connected to UK users.
Not so simple: Claiming the R&D Tax Incentive and Instant Asset Write Off
As discussed by Georgia King-Siem and Jonathan Zimet, some businesses have a choice between claiming the R&D Tax Incentive and Instant Asset Write Off on depreciating assets.
Webinar recording: In-country and Digital Supplies Tax Webinar
This webinar, which was recorded on 4 June, explored how foreign jurisdictions tax supplies made by a digital platform, what those requirements mean, and the risks or consequences of non-compliance.

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