Do you or your business organisation receive income from
overseas investments or businesses, or are you or your business
organisation intending to invest overseas?
If so, you need to be aware of the potential for a "double
tax whammy" being imposed on these foreign profits. Careful
consideration of all aspects of the investment structure is
necessary to ensure that you are not paying more tax than you need
to.
A tax issue which is often not considered by Australian
investors when structuring an Australian investment into a foreign
country is a tax-efficient repatriation of foreign profits back to
Australia.
Investors often focus on structuring their investments into a
foreign country in a manner which minimises foreign tax payable on
foreign profits derived from their investments. This is the case
whether the foreign profits are rental income from a foreign
property, or business income from a foreign business operation.
