• Service: Tax, Global Mobility Services, Global Compliance Management Services, International Tax
  • Type: Regulatory update
  • Date: 7/14/2014

Australia - R&D benefits; tax sharing agreements 

July 14:  The KPMG member firm in Australia prepared reports on the following developments (read the reports by clicking on the hyperlinks provided below):
  • R&D tax and engineering companies - Companies seeking to claim tax benefits in relation to research and development (R&D) activities need to be aware of certain R&D provisions that operate to limit the R&D benefit to the company that is the major benefactor of the results of the R&D activities.

    Read a July 2014 report.

  • Australian tax residency - Recent activity by the Australian Taxation Office indicates an increased focus on the Australian tax residency positions adopted by individual taxpayers.

    Read a July 2014 report.

  • Tax measures being considered by the Senate - Beginning 1 July 2014, the Australian Senate lies in the hands of a diverse range of cross-bench micro-party members.

    Read a July 2014 report.

  • Tax sharing agreements - Tax consolidated groups may want to consider their tax sharing agreements and review the allocation methodology.

    Read a July 2014 report.

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