• Service: Tax, Global Indirect Tax, Global Compliance Management Services, International Tax
  • Type: Regulatory update
  • Date: 9/30/2013

Australia - State and local tax authorities focus on compliance 

September 30: Australian state and territory governments that face declining GST revenues and increasing costs are making compliance activity an important focus of the state tax authorities.

Because of the complexity of state taxes and each state’s treatment of taxes, taxpayers are faced with a web of compliance obligations that can be confusing. This has been exacerbated by the decision in some states to defer repeal of taxation on the transfer of shares and business assets and, in New South Wales, on mortgages.

As a result, taxpayers may trigger a tax liability under a number of transactions they may otherwise have thought would be tax-free, including:

  • Originating and refinancing secured loans
  • Transferring assets between members of a group
  • Making changes to ownership or control of entities with indirect holdings in Australian land (including leases)

Read a September 2013 report prepared by the KPMG member firm in Australia: Could you fall foul of State compliance activity?

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For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at:

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Washington, DC 20006.


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