Orbitax Tax News & Alerts
Australia's Tax news & updates from Orbitax and partners
Australia Tax News
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
Treaty between Australia and UK – negotiations
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
OECD released 2008 Model Tax Convention
Business income of foreign hybrid exempt
Draft legislation on State Bonds withholding tax exemption
Capital gains participation exemption clarified
Discussion draft on New Art. 7 of OECD Model – details
OECD Council approves 2008 Model Tax Convention
Determination on interaction between transfer pricing and debt/equity rules finalized
Treaty between New Zealand and Australia – developments
Australian Taxation Office – Delaware LP is foreign hybrid
Comments on draft contents of 2008 update to Model Tax Convention published
Treaty between India and Australia – Indian ruling on taxability of project monitoring services rendered by Australian company with PE in India
Reform of anti-deferral regimes – Issues Papers released
Draft of 2008 Model Tax Convention – Proposed changes to Commentary to Art. 12 (definition of royalties)
Treaty between Australia and Ireland – ATO: Irish Common Contractual Fund not treaty resident
Foreign investment rules to be amended
Treaty between the Netherlands and Australia – negotiations
Treaty between Australia and South Africa – new protocol signed
Draft ruling of taxation of ship and aircraft leasing profits
Treaty between Australia and US – No treaty relief for US tax paid
Withholding tax on payments from managed funds to be halved
Treaty between Australia and Japan – details
CFC attribution based on de-facto control test clarified
OECD released discussion draft on transactional profit methods
High Court decision on Australia-New Zealand tax treaty
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