Tax Insights | August 2022 edition

AUTHORS

Liam Telford

Director, Tax Technical

Mary Lai

Partner, Tax Services & China Practice Group Leader

August 2022 edition

The latest tax updates for you and your business

Keep up to date with the latest Australian and International tax news from our market-leading experts.

THE TAX LIBRARY

'TREATY SHOPPING' A KEY FOCUS AREA OF THE ATO

TA2022/2 gives taxpayers due warning that ‘treaty shopping’ to obtain the benefit of a reduced rate of withholding tax (WHT) in relation to the payment of dividends or royalties from Australia is a key focus area of the ATO.

IMPACTS OF COVID-19 ON TAX RESIDENCY

With individuals’ FY22 Australian income tax returns soon falling due, it is appropriate for individuals whose movement has been restricted by the COVID-19 pandemic, and their employers, to take stock of prevailing guidance from the ATO and the relevant implications.

A GUIDE TO PAYROLL TAX RATES ACROSS AUSTRALIA

Each state or territory in Australia administers its own payroll tax rates. We understand that it can be hard to stay abreast of these changes, that's why we've created a visual guide to help you quickly find the information you need.

CONTRACTOR VERSUS EMPLOYEE - WHAT HAS CHANGED AND WHAT DOES IT MEAN FOR YOUR BUSINESS

There have been some significant changes to the approach for determining whether a sole trader contractor engaged by your business is an employee or a contractor at common law.

For more information
If you require any further information on the above topics or have any tax related questions, please contact your local RSM adviser today.