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This is an interim update while the ATO is currently awaiting the outcome of their broader review of taxpayer relief provision.

US technology, pharma, and life science companies establishing Australian subsidiaries to access R&D tax incentives face complex international tax challenges. When intercompany agreements are drafted without proper coordination between US transfer pricing rules and Australian R&D Tax Incentive requirements, companies risk significant IRS exposure including platform contribution payment obligations, cost reallocations, and penalties that can exceed the intended tax benefits.

Receiving "credit" from the ATO may seem easy, but potential issues could produce a difficult result in the long term.

The Government has announced that the budget measure "Better Targeting of NFP Tax Concessions" will now commence in 2014.

If a director shows a history of ATO compliance, it is unlikely they would be held liable for the company tax debts.

Late yesterday, the ATO has finalised a Practical Compliance Guideline (PCG) outlining its approach to the application of the franking credit integrity rule for equity funded dividends.

Australian expats should prepare for a new round of ATO review and audit activity, with information from overseas banks.

Onus remained with the taxpayers to prove that the amounts were not-assessable amounts.

Changes to the research and development tax incentive system will see small companies receive a tax refund of 45% of their R & D spending when they file their tax return.

Taxpayers should be careful when drafting settlement deeds to ensure that the parties' intention is properly reflected.

The primary production exemption requires the dominant use of the land to be for primary production.

This video discusses Australian double tax agreements and how double tax agreements can affect Australian expats.

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After a COVID hiatus, the ATO has restarted suing taxpayers who have outstanding tax debts.

While each tax controversy has unique circumstances, this survey is a reference tool for multinational tax executives.

This is an inaugural survey of certain tax controversy procedures and issues for various countries including Australia.

The Alert provides an outline of these new tax disclosure laws, which may discourage aggressive tax avoidance practices.