Australia Tax News
Treaty between Australia and Turkey enters into force
Treaty between Australia and Switzerland signed
Changes to transfer pricing, GAAR enacted
Treaty between Australia and Mauritius enters into force
Treaty between China and Australia – application extended to new tax
Proposed changes to thin capitalization, dividend participation exemption
Budget for 2013-14 – details
US, Australia, and UK announce plan to share data to combat offshore tax evasion
Tax Laws Amendment (2013 Measures No. 2) Bill 2013 – introduced
Treaty between Australia and United States – Australian Federal Court holds Cayman Islands partnership not US resident and cannot be assessed under the treaty
Treaty between India and Australia – Indian decision that IT support services are not making available technical services
Treaty between Australia and Chile enters into force
Government to strengthen small business concessions
Non-residents will be ineligible for capital gains tax concession
Treaty between India and Australia – Indian decision on income from derivatives arising in the hands of FII
Bill to address base erosion and profit shifting
US UPREIT is a capture foreign collective investment vehicle
Proposed changes to taxation of financial arrangements
Treaty between Australia and Malaysia – Australian interpretative decision on definition of permanent home
Allocation of funding costs to bank branches
Update to general anti-avoidance rules – draft legislation released for comment
Review of attribution of income to permanent establishments
Deductibility of return on Tier 2 instruments to be maintained
Business restructure changes announced
Reduced withholding tax for energy efficient buildings re MITs
Review of tax consolidation rules
Transfer pricing amendments receive Royal Assent, become law
Budget for 2012-13 – details
Tax relief for small businesses announced
Company tax rate to be lowered – draft legislation
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