Latest Content
AAT rejects taxpayer’s bid to discount the market value of shares
The AAT decides against discounting the value of shares sold by a taxpayer by the value of non-competition clauses in the sale of a private company, resulting in the taxpayer failing the MNAVT.
Postcards from Davos: Responsible Tax as a catalyst for trust
KPMG’s Global Head of Tax Jane McCormick reflects on her time talking tax at the World Economic Forum.
Whistleblower reform: New laws – are you ready?
New laws were passed in 2019 that make significant reforms to Australia’s private sector whistleblower laws.
Guidance addresses non-arm’s length arrangements involving intangible assets
A taxpayer alert sets out two types of arrangements that are of particular concern to the ATO.
Most Popular Articles
To hasten or delay? 2020 brings important decisions
The year ahead is important for international tax rules, as the OECD seeks a consensus on major proposals.
Transitional relief period for the central management and control test extended
The announcement is good news for companies that have been experiencing difficulty in complying with the changes.
New year, new free trade agreements to open up export markets
The Australia-Hong Kong Free Trade Agreement enters into force today, with other soon to take effect.
Consultation paper on skilled migration occupation lists – what are the proposed changes?
As part of a skilled migration list review, the Government is consulting on possible amendments.
Latest Video

Reading the Multilateral Instrument? Here’s what you should look for
It’s important to understand what to look for when dealing with the MLI, as each treaty is different.
Compliance View all >
Guidance addresses non-arm’s length arrangements involving intangible assets
A taxpayer alert sets out two types of arrangements that are of particular concern to the ATO.
Transitional relief period for the central management and control test extended
The announcement is good news for companies that have been experiencing difficulty in complying with the changes.
Board of Taxation releases its recommendations on individual tax residency
Dan Hodgson reviews the report which recommends a re-focusing of tax residency rules.
Payroll tax and bonuses – timing of payments can matter
Foreign employee performance bonuses may be subject to Australian payroll tax, even if the employee has spent limited time in Australia.
Corporate Tax View all >
Transitional relief period for the central management and control test extended
The announcement is good news for companies that have been experiencing difficulty in complying with the changes.
Is corporation tax good or bad for growth?
Governments need to think about both designing a tax system that supports investment and about the total tax burden borne by business.
Corporate residency test: Progress of Board of Taxation review
Jenny Wong discusses the latest consultation paper released by the Board on corporate residency.
ATO releases latest annual tax transparency data
The ATO has released the fifth annual Corporate Tax Transparency Report.
Deal Advisory - Tax View all >
Deductible liabilities in mergers and acquisitions – practical issue from ATO guidance
Catherine Dean, Scott Farrell & Jenny Wong discuss Draft Taxation Determination 2019/D11.
The ATO’s commercial deal offering – worth considering?
The ATO’s commercial deals program is seeking to provide certainty on the tax consequences of a proposed transaction before it is entered into.
Non-deductible cost of holding vacant land
Richard Wilkins reviews proposed legislation that will deny investors a deduction for holding costs relating to vacant land.
How the MLI is impacting Australia’s tax treaties: Part 1
Denis Larkin reviews the mandatory articles in the Multilateral Instrument that are impacting Australian tax treaties.
Economics & Regulation View all >
Postcards from Davos: Responsible Tax as a catalyst for trust
KPMG’s Global Head of Tax Jane McCormick reflects on her time talking tax at the World Economic Forum.
To hasten or delay? 2020 brings important decisions
The year ahead is important for international tax rules, as the OECD seeks a consensus on major proposals.
Reading the Multilateral Instrument? Here’s what you should look for
It’s important to understand what to look for when dealing with the MLI, as each treaty is different.
Quarterly Economic Outlook: January 2020
As 2019 came to a close some of the major uncertainties impacting the world economy in recent months and years appear to be resolving themselves.
Employment View all >
Workplace bushfire donations – What are the FBT implications?
Discover how businesses are facilitating contributions on behalf of their employees.
Payroll tax and bonuses – timing of payments can matter
Foreign employee performance bonuses may be subject to Australian payroll tax, even if the employee has spent limited time in Australia.
Deductions for employee transport expenses: ATO releases draft ruling
David Sofrà & Hayley Lock review the ATO's draft ruling on deductions for employees' transport expenses.
Criminalising wage theft - are you at risk?
The payroll landscape is evolving rapidly but don’t panic, it’s time to embrace change!
Grants & Incentives View all >
Workplace bushfire donations – What are the FBT implications?
Discover how businesses are facilitating contributions on behalf of their employees.
News in brief… 20 January 2020
Labor withdraws franking credits policy; Small business support for bushfire affected communities.
Business to get reduced incentives under proposed R&D legislation
The Treasury Laws Amendment (Research and Development Tax Incentive) Bill 2019 was introduced in the House of Representatives on Thursday 5 December.
Super maximisers should consider consequences of possible indexation of key caps to $1.7 million
An increase to the amount that can be transferred into the tax free retirement phase and more scope to make non-concessional contributions are on the horizon.
Indirect Tax View all >
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.
ATO outlines administration of proposed expanded estimates regime
Proposed estimate provisions are to be applied where there are reasonable grounds to suspect phoenix behaviour or where creditor defeating actions are occurring.
New Zealand proposal to revise taxation of certain real estate sales
A proposal to tax the sale of a person’s main home or business premises where there is a pattern of buying and selling land.
Larger, quicker SA land tax cuts announced
The SA Government has declared it will pursue an earlier and greater reduction in top land tax rates as a consequence of higher than anticipated land tax takes from its aggregation measures.
International Tax View all >
Postcards from Davos: Responsible Tax as a catalyst for trust
KPMG’s Global Head of Tax Jane McCormick reflects on her time talking tax at the World Economic Forum.
Guidance addresses non-arm’s length arrangements involving intangible assets
A taxpayer alert sets out two types of arrangements that are of particular concern to the ATO.
Reading the Multilateral Instrument? Here’s what you should look for
It’s important to understand what to look for when dealing with the MLI, as each treaty is different.
China Economic Monitor: Q4 2019
KPMG China’s quarterly review of China’s economic trends and developments.
Migration View all >
Consultation paper on skilled migration occupation lists – what are the proposed changes?
As part of a skilled migration list review, the Government is consulting on possible amendments.
Board of Taxation releases its recommendations on individual tax residency
Dan Hodgson reviews the report which recommends a re-focusing of tax residency rules.
Parliament denies the CGT main residence exemption to foreign residents
Mardi Heinrich & Selina Kneale discuss the implications of removing the Capital Gains Tax (CGT) exemption relating to the sale of a main residence for foreign residents.
ATO homing in on foreign tax residency consequences for individuals
Longstanding income recognition issues associated with individuals ceasing Australian tax residency and collecting the liabilities of foreign tax residents remain ATO focus areas.
Tax Law & Dispute Resolution View all >
AAT rejects taxpayer’s bid to discount the market value of shares
The AAT decides against discounting the value of shares sold by a taxpayer by the value of non-competition clauses in the sale of a private company, resulting in the taxpayer failing the MNAVT.
Whistleblower reform: New laws – are you ready?
New laws were passed in 2019 that make significant reforms to Australia’s private sector whistleblower laws.
Don’t run out of time (to amend)!
Questions you should consider in preparation for mid-January lodgements.
AAT finds purported contractor to be an employee
Intention for amount paid to cover all on-costs irrelevant to determination of whether individual is an employee or independent contractor.
Technology View all >
10 geopolitical themes in 5 minutes
Grant Wardell-Johnson outlines 10 key geopolitical themes in 5 minutes.
KPMG submission on ‘Pillar One’ approach to address digital economy tax issues
KPMG tax professionals submit their comments to the OECD with regard to the Pillar One approach.
Taxation of the digitalized economy: an EU perspective
KPMG EU Tax Centre’s Marie Audrain explains why a growing number of EU countries look likely to introduce unilateral digital taxes.
Big data and the ATO: What can you expect?
The ATO’s view on tax data governance and the integration of IT systems.

twitter linkdn

emailClient Email

emailKPMG only

Spotlight
KPMG Tax Now – Podcast series
The KPMG Tax Now podcast series offers you unparalleled access to key analysis and discussion in tax, economics, regulation and compliance.
Get Involved