Australia Tax News
Interest withholding tax reduction deferred
Protocol to treaty between Australia and Malaysia enters into force
Treaty between Australia and Chile enters into force
Treaty between Australia and Turkey enters into force
Protocol to treaty between Australia and Malaysia enters into force
Protocol to treaty between Singapore and Australia enters into force
Final Ruling on interaction of thin capitalization and transfer pricing rules issued
Treaty between New Zealand and Australia enters into force
Taxation Ruling on interaction of thin capitalization and transfer pricing rules issued
Treaties between Australia and Netherlands, and between Australia and United Kingdom – ATO confirms Australian Federal Court judgments that no tax on capital gains under pre-CGT treaties
Treaty between Australia and France enters into force
Treaty between France and Australia ratified
Agreements between Australia and Isle of Man signed
Protocol to treaty between Australia and South Africa enters into force
Tax changes to help businesses
Treaty between Australia and UK – negotiations
Treaty between Australia and Japan enters into force
New Zealand
Treaty between Australia and United States – ATO rules payments for hire of substantial equipment not subject to withholding tax
The Australian Taxation Office (ATO) released for comment Draft Taxation Determination ATO TD 2008/D15, which considers the Australian (and UK) taxation consequences of paying and receiving a return under an enhanced bond investment by an Australian taxpayer from a UK bank. The Draft Determination was released on 24 October 2008 and comments are invited by 21 November 2008.
Debt/equity rules clarified
Business income of foreign hybrid exempt
OECD released 2008 Model Tax Convention
Draft legislation on State Bonds withholding tax exemption
Discussion draft on New Art. 7 of OECD Model – details
Capital gains participation exemption clarified
Determination on interaction between transfer pricing and debt/equity rules finalized
OECD Council approves 2008 Model Tax Convention
Treaty between New Zealand and Australia – developments
Australian Taxation Office – Delaware LP is foreign hybrid
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