Navigating the Australian tax landscape for UK corporate taxpayers

Join us for an insightful live hosted by Grant Thornton Australia, where we will provide valuable insights into the Australian tax landscape and key technical issues relevant to UK corporate taxpayers.

The topics that will be covered include:

• ATO’s view of 'royalty': Understand the ATO’s new views on what constitutes a 'royalty payment' from Australia to overseas recipients and the associated withholding tax implications.
   
• Expanded definition of Taxable Australian Real Property (TARP): The definition of TARP has recently expanded, meaning that foreign investors are now taxed on the disposal of a wider range of real property assets.
   
• Significant Global Entities reporting requirements: Gain insights into the stringent reporting requirements for significant global entities, with a particular focus on the severe penalties for late lodgement.
   
• New Thin Capitalisation and Debt Deduction rules: Discover the new rules that can limit interest deductions on debt received from overseas related parties, including related UK companies.
   
• Introduction of Pillar II and Public Country-by-Country reporting: Australia has recently introduced legislation in relation to Pillar II and public Country-by-Country (CbC) reporting. Learn what this means in respect of top-up tax and increased compliance obligations.
   
• Preparing a local file in Australia: Understand the nuances of preparing an Australian local file and how this differs from transfer pricing documentation and an OECD local file.

Don't miss this opportunity to stay informed and ensure your company is compliant with these significant tax changes.

There will be time for a short Q&A at the end of the presentation.