Australia's Board of Taxation has published a report, Self-initiated Review of the Income Tax Residency Rules for Individuals. The main finding of the Board is that Australia's current individual tax residency rules are no longer appropriate and should be replaced with an improved and simplified residency test. The Board's preferred approach is a two-step model that includes:
- A primary 'days count' bright-line test that automatically determines the residency status of most individuals; and …