2020

International Tax Series - Part 2: Expansion into new markets

Source: International

Published Date: 16 Oct 2020

 
In order to facilitate and increase sales in various foreign markets (Europe, Asia and North America) it is decided to have a local presence in the form of an office or use of local agents in those markets. In particular, Masks will establish a presence in the Netherlands, Hong Kong and the US. Some of the issues that were addressed in this session include:
  • issues surrounding the nature and extent of presence - for example, representative office, sales and marketing office etc. and whether a permanent establishment is created
  • application of the foreign branch profits exemption - section 23AH
  • thin capitalisation and other funding issues, including interest deductibility in Australia for funds used in the branch
  • foreign tax considerations
  • impact of third-party agencies under both domestic tax law and relevant tax treaty
  • indirect issues, VAT/GST, customs duties etc.

Expansion into new markets

Author(s): Brett Curtis , Andrew Barrah FTI

Details

  • Published On:16 Oct 2020
  • Took place at:Online

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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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