Tax considerations for Australian businesses approaching $1 billion turnover
InsightOutlining key tax considerations for a taxpayer once their aggregated group turnover is A$1 billion or more.
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Keith is a Principal at Grant Thornton with over 15 years of professional experience advising clients specifically in relation to transfer pricing issues.
Central to his approach is understanding your business and your needs to use transfer pricing for risk management, and align operational and tax strategies.
This focus has provided him with excellent knowledge and understanding of the integral aspects to prepare transfer pricing documentation for strategic planning, audit defence and commercial justification purposes.
Keith has significant experience assisting clients with the processes of the Australian Taxation Office, including Combined Assurance Reviews, Multinational Anti-Avoidance Legislation reviews and other general transfer pricing record reviews and audits.
Outlining key tax considerations for a taxpayer once their aggregated group turnover is A$1 billion or more.
The ATO has released final guidance on the royalty characterisation of software distribution, intermediation and intellectual property arrangements through TR 2026/2 and draft PCG 2026/D4. The guidance clarifies when software-related payments may be treated as royalties and subject to royalty withholding tax, while introducing a practical compliance risk framework.
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