Australia Tax Planning Strategy
Australia offers many strategic advantages to international business people. Taking advantages of Australia tax regulations is central to a successful Australia tax planning strategy. Healy Consultants' tax experts deliver a comprehensive Australia tax planning strategy to our Clients. A successful Australia tax planning strategy should address some of the following issues:
1. Can the Australia Company receive foreign-sourced income without being subject to local corporation tax? Central to Australia tax planning strategy is the rule that a properly-structured Australia Company is exempt from further tax payment on such income if it is from a "listed" jurisdiction, subject however to Controlled Foreign Corporation (CFC) rules. A listed jurisdiction is a jurisdiction which has a similar tax system to Australia.
2. Are any tax exemptions or tax incentives available in Australia? A successful Singapore tax planning strategy should identify both tax exemptions and restrictions. Resident companies pay tax on their worldwide income and capital gains (with certain categories of income and capital gains being exempted and with tax credits being granted where income and capital gains have already been taxed in a foreign jurisdiction).
3. Does the company have to register for value added tax (VAT) or goods and sales tax (GST)? In accordance with GST Law, a Australia Company is obliged to pay a broad-based tax of 10% on most goods, services and other items sold or consumed in Australia.
To be able to draw up the optimum Australia tax planning strategy for our Clients, it is important Healy Consultants has a good understanding of your business and we know your objectives. In this respect, we encourage Clients to discuss via phone the different Australia tax planning strategies available.
Related information
Contact Us
For more information on Australia tax planning strategy, email email@healyconsultants or telephone us at +61 280 147 568.
Back to Australia Company Formation page.
