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Details

  • Service: Tax, Global Compliance Management Services, International Tax
  • Type: Regulatory update
  • Date: 8/27/2013

Australia - Non-resident insurer arrangements 

August 27: With the approaching due date for returns, taxpayers will consider any application of the non-resident insurance provisions of Division 15 of Part III of the Income Tax Assessment Act 1936. These provisions may apply to deny deductions if arrangements to pay non-resident insurer tax are not in place.

Specifically, there are steps to consider when contracting with an Australian branch or subsidiary of a non-resident insurer.


Read an August 2013 report prepared by the KPMG member firm in Australia: Have you considered Division 15?




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