2010

Changes to Section 23AG - Are You Ready?

Source: Western Australia

Published Date: 17 Feb 2010

 
The significant changes to section 23AG which have effect from 1 July 2009 are currently impacting many Australians working overseas and their employers. The changes affect not only the taxation of income but also liability to PAYG withholding and fringe benefits tax, among other issues. It will also be necessary for affected employers and employees to have an increased focus on Double Tax Agreements and the tests of residency.

This also touched on recent discussions between interested parties, ATO and Treasury regarding the practicalities of some of the measures and the potential for additional concessions to be granted prior to the end of the FBT year.

This event was aimed at anyone who has clients or staff working overseas who were previously exempt from income tax under section 23AG as they will need to understand the implications of the new measures. Practitioners in this area also benefitted from being updated on the latest information emanating from the ATO and Treasury, as the end of the FBT year approaches.

Changes to 23AG: Are you ready? - FBT

Author(s): Julie Donnellan

Changes to Section 23AG - Are you ready?

Author(s): Tony Underhill

Details

  • Published On:17 Feb 2010
  • Took place at:The Melbourne Hotel, Perth

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research critisism or review, as permitted under the copyright Act, no part may be rerpoduced by any process without written permission from The Tax Institute.

Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

This material is copyright. Apart from any fair dealing for the purpose of private study., research, critisism or review, as permitted under teh copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.

Unless expressly stated, opininons are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

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