Our latest insights

Australia's Parliament has passed the Pillar Two rules, aligning with the OECD's global initiative to establish a 15% minimum tax rate for large multinational enterprises (MNEs).

Discover the ATO's new compliance initiative targeting medium-sized and emerging businesses. Learn about the key areas of focus, including trusts, Division 7A, CGT concessions, and income reporting, to ensure your business meets its tax obligations and avoids common errors.

Discover key tax planning steps for a smooth, tax-efficient M&A transaction.

The ATO oversees tax structures for foreign PE investments in Australia. If FIRB approval is required, ATO and FIRB will review the structure. Due to strict anti-avoidance laws, investors should seek early tax advice to comply.

On 9 August 2024, the ATO sought to appeal a decision exempting PepsiCo from RWHT, highlighting its focus on taxing embedded royalties, IP, and applying DPT.

Treasury is taking steps to ensure fairer tax treatment for foreign resident investors by tightening Australia's foreign resident Capital Gains Tax (CGT) regime. Proposed changes aim to broaden the CGT base and enhance integrity, impacting infrastructure, energy, agriculture, and more.

The ATO’s GST Analytical Tool and data testing has been designed to achieve high assurance in GST governance.

In the 2024-25 Federal Budget, the Government announced the discontinuation of previously announced rules to deny, from 1July 2023, tax deductions for payments made by Significant Global Entity’s (SGEs) relating to intangible assets connected with low corporate tax jurisdictions.

In this special Federal Budget edition of Beyond the Numbers, listen to Journalist and Television Presenter Hugh Riminton, St.George Chief Economist Besa Deda, and Grant Thornton Partner, Jared Grima at our virtual seminar, as they discuss budgetary spending and how it will impact Australian businesses.

STAI, a SingTel subsidiary, lost its court appeal, highlighting ATO’s focus on tax avoidance. STAI owes ATO $268m in tax and $125m in penalties due to debt deductions. The court found STAI paid excessive interest, benefiting SingTel.

For renewable energy companies, understanding the implications of the new thin capitalisation rules is crucial. These rules will apply for income years starting on or after July 1, 2023.

The landscape of fuel tax credits (FTC) is constantly evolving due to ongoing economic and technological developments. This dynamic environment presents both challenges and opportunities for businesses with significant fuel consumption.