A business may start off as a small Australian-based operation, but what happens when the SME wants to move into offshore markets, or set up part of its operations in a foreign country? This paper looks at:
- what additional Australian tax obligations arise?
- how and when the foreign-sourced profits will be taxed in Australia?
- what ownership structure in Australia may be suitable to hold the foreign operations?
- practical examples of overseas structures which may be used.