Australia: Tax Treaties

The Australian Government has released draft legislation proposing significant and retrospective changes to foreign resident capital gains tax rules, dramatically expanding what constitutes taxable Australian real property. These changes will apply to past transactions dating back to 2006, existing investments, and future deals, with only limited transitional relief for renewable energy assets until 2030.

The recent judgment by the Australian High Court in the PepsiCo case has sparked significant interest in international tax circles. At the core of the debate: can a fee for the purchase of goods include...

The final FY2025-26 state budgets have been delivered, with Western Australia publishing their budget on 19 June 2025, and the New South Wales, Queensland, and Australian Capital...

If the bill to enact OECD BEPS Measure 15 is passed, Australia will be one of the first signatories to implement it.

All foreign investors into our resource companies should consider how they value those companies for Australian CGT purposes.  .

Mark Friezer runs through the options for repatriating funds from an Australian subsidiary of a foreign parent company.

In a speech given by the Assistant Treasurer, The Hon Bill Shorten MP, at an Australian Chamber of Commerce gathering in Hong Kong on 19 January 2011, he stated that Australia is in the process of creating ‘a level playing field’ in respect of financial services, particularly funds management.

Vanuatu continues to reaffirm its commitment to implement the internationally agreed tax standard set by the OECD(1) Global Forum on Transparency and Exchange of Information for Tax Purposes (Global Forum). Last month Vanuatu entered into seven tax information exchange agreements (TIEAs) with Denmark, Finland, Iceland, Norway, Sweden, Greenland and the Faroes Islands. The Vanuatu Government also recently amended the International Companies Act [Cap 222] (Vanuatu) (Act) to require that all beare

The mining industry is one of Australia's most important export sectors and makes a significant economic and social contribution to the Australian economy. Mining and minerals activity currently comprises 8 per cent of the Australian economy and 40 per cent of exports.