October 2022 | VOLUME 13
KSW Newsletter for our international accountants
Why set up your Regional Headquarters in Australia?
The Australian domestic Conduit Foreign Income (CFI) rules help to make Australia an attractive location for foreign businesses to make Australia their regional headquarters in the Asia Pacific Region. Our full article here explains the benefits of this if any your clients are looking to expand into the Asia Pacific region.
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Controlled Foreign Company (CFC) Rules
When our clients incorporate companies in foreign jurisdictions, we need to consider how the Controlled Foreign Company (CFC) rules might apply to them. Our full article here explains the complex CFC rules and its associated control tests for any of your clients that might have cross border ownership with Australian entities.
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International Tax Updates
Australia had a change of government in May 2022. The new government is set to deliver its first budget on Tuesday 25 October 2022. Our full article here explains the Joint Chiefs of Global Tax Enforcement operation and Pacific Australia Labour Mobility Scheme that could impact our international clients.
We are ready if you need us!
After over 2 years of uncertainty around the world, with businesses struggling and travel non-existent, we now move into a new environment of inflation and higher interest rates across the globe.
The partners and team at Kreston Stanley Williamson are here to help your clients navigate the challenging times should they be looking to expand and invest in Australia. Our firm is able to help your clients no matter what products or services are needed, with tax, accounting, audit and assurance, management accounting, due diligence and general business advisory all looked after.
We look forward to looking after your clients exactly the way you would look after them.
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Doing Business In Australia
For general information on tax and other regulatory issues facing foreign business looking to trade in Australia, we have prepared a ‘Doing Business in Australia’ document.
We hope that it is helpful, and would welcome any queries or feedback you may have.
Click here if you’d like to read it.
DISCLAIMER
This newsletter has been produced by Kreston Stanley Williamson as a service to its clients and associates. The information contained in the newsletter is of general comment only and is not intended to be advice on any particular matter. Before acting on any areas contained in this newsletter, it is imperative you seek specific advice relating to your particular circumstances. Liability limited by a scheme approved under Professional Standards legislation.
