Prepared by Marcus Lai, the Editor in Chief of the upcomingAustralian Master Tax Guide (74th edition) 2024, the following checklist sets out significant changes that are scheduled to operate from the 2023–24 income year. Note that, in some cases, implementation of these changes may be depende...
France had been moving toward a July 1, 2024, launch date for e-invoicing mandates; however, the French government recently postponed the launch due to concerns around the readiness and ability of smaller businesses to adapt to such significant compliance changes. It also wants to safeguard agains...
The changes in development would significantly alter the overall international tax architecture under which multinational businesses operate. The BEPS 2.0 project has two elements: Pillar One on new nexus and profit allocation rules with the objective of assigning a greater share of taxing rights over ...
whether a post 30 June 2024 transaction that is exempt from stamp duty or subject to a stamp duty concession (e.g. corporate reconstruction concession) will mean the property is brought into the new regime such that the property will become subject to the annual property tax after the sub...
Eddie Ahn of DLA Piper provides an update on the tax changes impacting the real estate sector in Victoria and considers the ATO’s updated approach to dealings in intangible assets. As announced in Victoria’s State Budget on May 21 2021, Victoria will be introducing a new 50% windfall g...
Jock McCormack of DLA Piper Australia summarises Australia’s latest proposed double tax agreement as the country’s treaty reforms gather pace, and potential changes to the non-resident capital gains tax withholding rate and threshold The Austral...
As mentioned above, the Transparency and Integrity Act became law as at 8 April 2024. This Act contained a number of significant changes to Australia’s thin capitalisation rules (being Australia’s debt deduction limitation rules). These new laws apply for income years commencing on or after 1...
These changes are set to take effect October 1, 2021. House Bill 2410 seeks to make this change legislatively. It would add to a 2019 law taxing marketplace sales at the rate in effect at “the location in this state to which the item is shipped or delivered or at which possession is...
is for business-to-business transactions and is a way for businesses to register an invoice on a government platform. Some countries requiring this approach are Spain, France, Italy, and Belgium, and we expect more countries to follow. These changes are not likely to go live before 2024. ...
Learn more about tax deductions in Australia. See what deductions you can claim, from laundry to education and reduce the final year’s taxable income.