Treasury Laws Amendment Foreign Investors Bill 2018 introduced – Stapled structures/MIT income; thin cap changes; super funds for foreign residents; limiting sovereign immunity tax exemption

Tax Month - September 2018

On 20.9.2018, the Government introduced the Treasury Laws Amendment (Making Sure Foreign Investors Pay Their Fair Share of Tax in Australia and Other Measures) Bill 2018 was introduced in the House of Reps. It proposes a number of changes: Non-concessional MIT income – amends the ITAA 1997, the ITAA 1936 and the TAA to improve…

Omnibus Treasury Laws Amendment Bill 2018 introduced: GST turnover includes online hotel bookings; Thin cap; R&D Tax Incentive; Significant Global Entity (SGE) definition

Tax Month - September 2018

On 20.0.2018, the Government introduced the Treasury Laws Amendment (Making Sure Multinationals Pay Their Fair Share of Tax in Australia and Other Measures) Bill 2018 was introduced in the House of Representatives. In the Schedules noted, it proposes various amendments, including the following. Online hotel bookings and GST [Schedule 5] – amendments would require offshore suppliers of…