Our latest insights

In this edition of our Australian International Tax Update, we summarise recent significant Australian tax developments, examine their practical impact, and outline actions that multinational groups, foreign investors, private equity funds and international advisers should consider.

Explore tax strategies to manage labour, fuel, import and cash flow pressures in construction.

Receiving a notice to pay GST from the Australian Taxation Office (ATO) can be unsettling, particularly if it arrives unexpectedly or at a time when cash flow is under pressure. However, receiving a GST bill does not necessarily mean you have done something wrong.

High Court decision strengthens GST refund positions for developers

In this episode, Principal and National Head of Private Business & Tax Advisory Technical Tax, David Montani, Specialist Tax Partner and National Head of Real Estate & Construction Anika Reside and Corporate Tax Partner Mark D’Angelica discuss the outcomes of the Economic Reform Roundtable, why tax reform has historically been challenging in Australia, and their ideal tax mix for a more productive and prosperous nation.

The ATO’s GSTD 2025/1 clarifies the GST treatment of prepared meals following the Simplot case. Learn how the new four-step test and transitional compliance approach affect food suppliers.

A practical guide for residential colleges reviewing GST treatment for the 2026 academic year – covering endorsed charity concessions, PCG 2022/3, Division 129 adjustments, and strategies to manage GST liability and compliance with confidence.

Starting April 1, 2025, the ATO will require small businesses with GST non-compliance history to switch to monthly reporting.

Recent discussions have been clouded by misinformation about how VAT systems operate, especially in the context of proposed reciprocal tariffs. This has led to some misconception that VAT systems create unfair trade barriers for US corporations.

Division 93 of the GST Act sets a four year limit for claiming ITCs and FTCs. Missing this means losing the right to claim. The ATO's Ruling MT 2024/1 explains how this works and when claims are timely.

The ATO is enhancing its Justified Trust program for GST, expanding mandatory reporting for large public and multinational taxpayers.

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.